OPEN-SOURCE SCRIPT
Updated Noro's CrossLimit
Strategy for altcoin/bitcoin currency pairs. Do not use for pairs of type coin/USD with this strategy. You need the taker fee to be zero, or ribate. Because this strategy has very frequent trades.
A simple moving average (SMA) is used to determine the trend.
If not enable Anti-Saw filter
- If candle closing price is higher than SMA - uptrend started
- If candle closing price is lower than SMA - downtrend started
If enable Anti-Saw Filter
- If low candles are higher than SMA - uptrend started
- If high candles are lower than SMA - downtrend started
Only limit orders are created at SMA price and towards the trend.
A simple moving average (SMA) is used to determine the trend.
If not enable Anti-Saw filter
- If candle closing price is higher than SMA - uptrend started
- If candle closing price is lower than SMA - downtrend started
If enable Anti-Saw Filter
- If low candles are higher than SMA - uptrend started
- If high candles are lower than SMA - downtrend started
Only limit orders are created at SMA price and towards the trend.
Release Notes
+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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.