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ROBO_Trading

Noro's PCMA Strategy v1.0

ROBO_Trading  
Moving Averages
106
1
movingaverage
Strategy

The blue line is PCMA - middle of a price channel.
The lime line = PCMA - the shift parameter (%).
Red line = PCMA + the shift parameter (%).

Strategy uses limit orders. For opening of positions and for closing of positions.

If the price is lower than the lime line - opens a long position.
If the price is higher than the red line - opens a short position.
The position is closed on the blue line. Long and short.
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.

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.

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