Simple MACD and EMA Strategy by aFastHero

trendanalysis trendfollowing strategy 4hrchart

This is a basic Simple MACD and EMA trend following strategy. I will add shorts to the strategy very soon. Best results seem to be on the 4HR charts.

Release Notes:

Added ability to show entry and exit plots to negate the TradingView strategy delay.
(Feature is OFF by default)

Added option to adjust the level for pullback entries.

Release Notes:

Added ability to adjust the backtesting range

Added option to enter short trades.

Added option to choose the source for the MACD and EMA

Added plots for short trade entries and exits

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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.

Want to use this script on a chart?