dannypopo

T3 ICL MACD STRATEGY

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Backtested manually and received approx 60% winrate. Tradingview strategy tester is skewed because this program does not specify when to sell at profit target or at a stop loss.

Uses 1 min for entry and a longer time frame for confirmation (5,10,15, etc..) (Not sure what the yellow arrows are in the picture but they can be ignored)

Ideal Long Entry - The algo uses T3 moving average (T3) and the Ichimoku Conversion Line ( ICL ) to determine when to enter a long or short position. In this case we are going to showcase what causes the algo to alert long. It first checks to see if the the ICL is greater than T3. Once that condition is met T3 must be green in order to enter long and finally the last closing price has to be greater than the ICL . You can use the MACD to further verify a long trend as well!

Ideal Short Entry - The algo uses T3 moving average (T3) and the Ichimoku Conversion Line ( ICL ) to determine when to enter a long or short position. In this case we are going to showcase what causes the algo to alert short. It first checks to see if the the ICL is less than T3. Once that condition is met T3 must be red in order to enter short and finally the last closing price has to be less than the ICL . You can use the MACD to further verify a long trend as well!

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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