SoftKill21

MACD oscillator with EMA strategy 4H

This is a simple, yet efficient strategy, which is made from a combination of an oscillator and a moving average.

Its setup for 4h candles with the current settings, however it can be adapted to other different timeframes.

It works nicely ,beating the buy and hold for both BTC and ETH over the last 3 years.
As well with some optimizations and modifications it can be adapted to futures market, indexes(NASDAQ, NIFTY etc), forex( GBPUSD ), stocks and so on.

Components:
MACD
EMA
Time condition
Long/short option

For long/exit short we enter when we are above the ema , histogram is positive and current candle is higher than previous.
For short /exit long , when close below ema , histo negative and current candles smaller than previous


If you have any questions please let me know !
Release Notes: //new graph
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

why I can't finde ?
Reply
thank you...
Reply
SoftKill21 imamgiasin
@imamgiasin, my pleasure mate, enjoy
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter