PROTECTED SOURCE SCRIPT
T.T.T Trade with The Trend

I created this script with the following idea:
To go LONG or SHORT when there is a trend in place.
Steps taken to achieve such results were:
1) Go Long when the 15 EMA crosses above the 45 EMA and Go Short when the 15 EMA crosses below the 45 EMA
Problem with EMACROSS is that they work great with a strong trend but not so good when the trend is sideways
Solution:
We add a condition using the RSI indicator as follows:
a) Go Long when the 15EMA crosses above the 45EMA AND when the 100EMA of RSI crosses above 50
b) Go Short when the 15EMA crosses below the 45EMA AND when the 100EMA of RSI crosses below 50
By using the RSI is the above manner we are able to filter out some of the choppy price action
We then added a second condition to go long or short ONLY when the ADX is above 30
As you know the ADX measures the strength of the trend.
A reading above 20 indicates a trend is forming and a reading above 30 indicates a trend is in place.
To go LONG or SHORT when there is a trend in place.
Steps taken to achieve such results were:
1) Go Long when the 15 EMA crosses above the 45 EMA and Go Short when the 15 EMA crosses below the 45 EMA
Problem with EMACROSS is that they work great with a strong trend but not so good when the trend is sideways
Solution:
We add a condition using the RSI indicator as follows:
a) Go Long when the 15EMA crosses above the 45EMA AND when the 100EMA of RSI crosses above 50
b) Go Short when the 15EMA crosses below the 45EMA AND when the 100EMA of RSI crosses below 50
By using the RSI is the above manner we are able to filter out some of the choppy price action
We then added a second condition to go long or short ONLY when the ADX is above 30
As you know the ADX measures the strength of the trend.
A reading above 20 indicates a trend is forming and a reading above 30 indicates a trend is in place.
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受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。