OPEN-SOURCE SCRIPT
Updated 4-Hour Stochastic EMA Trend
This trading strategy relies heavily on catching the trend. You
may have success using this strategy on as low as the one hour
chart or as high as the daily chart; however, I’ve had most
success trading it on the four hour chart. This strategy consists
of four indicators, which are:
1. 5 Period Exponential Moving Average (closed)
2. 15 Period Exponential Moving Average (closed)
3. 50 Period Exponential Moving Average (closed)
4. Stochastic indicator K=13 D=5 Smooth=5 (13,5,5) 80/20
Levels
Refer
may have success using this strategy on as low as the one hour
chart or as high as the daily chart; however, I’ve had most
success trading it on the four hour chart. This strategy consists
of four indicators, which are:
1. 5 Period Exponential Moving Average (closed)
2. 15 Period Exponential Moving Average (closed)
3. 50 Period Exponential Moving Average (closed)
4. Stochastic indicator K=13 D=5 Smooth=5 (13,5,5) 80/20
Levels
Refer
Release Notes
This trading strategy relies heavily on catching the trend. Youmay have success using this strategy on as low as the one hour
chart or as high as the daily chart; however, I’ve had most
success trading it on the four hour chart. This strategy consists
of four indicators, which are:
1. 5 Period Exponential Moving Average (closed)
2. 15 Period Exponential Moving Average (closed)
3. 50 Period Exponential Moving Average (closed)
4. Stochastic indicator K=13 D=5 Smooth=5 (13,5,5) 80/20
Levels
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.