vishnuashok123

20 EMA Daytrading Strategy

20 EMA Daytrading Strategy


This strategy creates long and short signals based on a 20 EMA crossing condition. Works well in 4H timeframes or higher. Accuracy is around 60%.

BUY
  • When a green candle crosses above 20 EMA
  • Followed by another green candle which closes above the previous candle high

SELL
  • When a red candle crosses below 20 EMA
  • Followed by another red candle which closes below the previous candle low


Stop loss at ATR + 5
Take Profit at 1.3R
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.

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Comments

Comment removed.
sir this stagy pl give time frame using
Reply
vishnuashok123 Gorakhgande
@Gorakhgande, you can use this in all the timeframes. Higher the timeframe, the better the signal.
For a start, you can use this

Use 4H timeframe
When it gives signal, place trade with both take profit and stop loss at 25 pips
+6 Reply
shaneoshane vishnuashok123
@vishnuashok123, Thanks for this... I really like it and have been using it... However I cannot find a way to get Tradingview to send an ALERT... Any advice...?
+1 Reply
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