OPEN-SOURCE SCRIPT
Alert WhiteBox ShiftMA
Updated
Strategy
The blue line is SMA .
The lime line = SMA - the shift parameter (%).
Red line = SMA + 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 ( SMA ). Long and short.
The blue line is SMA .
The lime line = SMA - the shift parameter (%).
Red line = SMA + 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 ( SMA ). Long and short.
Release Notes
+Release Notes
deleteOpen-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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