OPEN-SOURCE SCRIPT
5DMA and 20DMA Crossover with SL, TP & Volume Filter ANUPAM
This strategy uses the crossover of the 5-day moving average (5DMA) and the 20-day moving average (20DMA) as the primary signal for entering buy positions. To ensure strong momentum, a volume filter is added, which only allows buy signals when the current volume exceeds the 20-period moving average of volume. Additionally, the strategy includes stop loss and take profit levels to manage risk and lock in profits.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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