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Tutorial05

Arch1tect's New Toy (Strategy Tester Version)

Tutorial05 Updated   
Exponential Moving Average (EMA) Weighted Moving Average (WMA) Simple Moving Average (SMA) moving average
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ema wma simplemovingaverage moving average
Description:
The version of Arch1tect's New Toy indicator with Strategy Tester added.

This indicator tries to predict market trends by simply utilising 2 moving averages crossovers.

How it works:
  • Buy signals are triggered when the faster MA crosses over the slower MA from the downside to the upside.
  • Sell signals are triggered when the faster MA crosses under the slower MA from the upside to the downside.

How to use:
  • Take buys when buy signal is triggered AND close existing sell position
  • Take sells when sell signal is triggered AND close existing buy position

Note:
Settings are optimised for XAUUSD on the M1 chart.

Extra:
  • Alerts are included.
  • You can toggle between EMA, WMA and SMA to your liking.
  • Indicator version:
    Arch1tect's New Toy
Release Notes:
Fixed TP/SL fixed pip target
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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