PROTECTED SOURCE SCRIPT
Trade with Trend (MA + MACD + Pivot)
This Indicator is meant for educational purpose, it is still on the early stage of development.
Strategy:
Uptrend Entry Criteria
1. price above SMA
2. price haven't reach R3
3. MACD histogram above 0
4. both MACD Line and Signal Line above 0
Downtrend Entry Criteria
1. price below SMA
2. price haven't reach R3
3. MACD histogram below 0
4. both MACD Line and Signal Line below 0
D.Avg (ADR) : Daily Average price movement of the Asset
T.Range : Range of price had moved today
A.Profit : D.Avg - T.Range = Remaining possible price movement (negative if fully moved)
TP (Long) : price + A.Profit
TP (Short) : price - A.Profit
Caveat: Do not trade when A.Profit is negative (TP is inversed)
Strategy:
Uptrend Entry Criteria
1. price above SMA
2. price haven't reach R3
3. MACD histogram above 0
4. both MACD Line and Signal Line above 0
Downtrend Entry Criteria
1. price below SMA
2. price haven't reach R3
3. MACD histogram below 0
4. both MACD Line and Signal Line below 0
D.Avg (ADR) : Daily Average price movement of the Asset
T.Range : Range of price had moved today
A.Profit : D.Avg - T.Range = Remaining possible price movement (negative if fully moved)
TP (Long) : price + A.Profit
TP (Short) : price - A.Profit
Caveat: Do not trade when A.Profit is negative (TP is inversed)
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.