OPEN-SOURCE SCRIPT

Equal-Length EMA/SMA Crossover Momentum Strategy

Overview:
  • This momentum and trend-following strategy captures the majority of any trending move, and works well on high timeframes.
  • It uses an equal-period EMA and SMA crossover to detect trend acceleration/deceleration, since an EMA places a greater weight and significance on the most recent data.
  • This version is optimized for longs, and designed to cut your losses quickly and let your winners run.
  • To reduce noise and optimize entries, we combined this with an overall trend bias for further confluence.


How it works:
  • Signals are determined by the crossover of an EMA and SMA of the same length, e.g. EMA-50 and SMA-50.
  • The overall trend bias is determined using a slower SMA golden/death cross, e.g. SMA-50 and SMA-100.
  • The signal is stronger when it occurs in confluence with the overall trend bias, e.g. when EMA-50 crosses over SMA-50, while above the SMA-100. This is analogous to only opening long positions in a bull market.


Signal description:
  • Trend Buy: EMA crosses above SMA, and overall trend bias is bullish. Buying is in confluence with the overall trend bias.
  • Risky Buy: EMA crosses above SMA, and overall trend bias is bearish. Buying is early, more risky, and not in confluence with the overall trend bias.
  • Late Buy: SMA crosses above BIAS_SLOW. This gives further confirmation of bullish trend, but signal comes later.
  • Sell: EMA crosses under SMA.


Strategy entry and exit conditions:
  • This version enters a Long when "TREND BUY" is signalled.
  • This version has Sell/Shorts disabled because UP ONLY.
  • Long entry: Strategy enters Long when EMA is above SMA, while overall trend bias is bullish.
  • Long exit: Close long when EMA crosses under SMA.
crossoverExponential Moving Average (EMA)Simple Moving Average (SMA)strategy

開源腳本

在真正的TradingView精神中,這個腳本的作者以開源的方式發佈,這樣交易員可以理解和驗證它。請向作者致敬!您可以免費使用它,但在出版物中再次使用這段程式碼將受到網站規則的約束。 您可以收藏它以在圖表上使用。

想在圖表上使用此腳本?


更多:

免責聲明