OPEN-SOURCE SCRIPT
MACD BF
This is a modified version of the MACD strategy in the public library. You can set the time period you want in the input parameters, along with the MACD and signal line values.
The default values for this strategy are 12, 26, 12. These settings seem favorable to BTC/USD pairs.
The strategy is simple - when the histogram crosses above zero, a buy signal is generated, when it crosses below zero, a sell signal is generated.
If an opposing signal is generated, we exit the current trade and enter the new one.
You can set a stop-loss as a percentage in the input parameters - for example, if you enter 5, the strategy will exit when the trade goes the wrong way by 5%.
The default money management strategy is to trade 100% of the equity. This can be changed in input settings like it can with any strategy.
The default values for this strategy are 12, 26, 12. These settings seem favorable to BTC/USD pairs.
The strategy is simple - when the histogram crosses above zero, a buy signal is generated, when it crosses below zero, a sell signal is generated.
If an opposing signal is generated, we exit the current trade and enter the new one.
You can set a stop-loss as a percentage in the input parameters - for example, if you enter 5, the strategy will exit when the trade goes the wrong way by 5%.
The default money management strategy is to trade 100% of the equity. This can be changed in input settings like it can with any strategy.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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