OPEN-SOURCE SCRIPT

Multi-Indicator Trend-Following Strategy v7

299
This strategy is a trend-following system that combines multiple technical indicators into a single, optimized indicator to help identify high-probability Buy and Sell opportunities while maintaining a clean and uncluttered chart.

✅ How It Works:
This script utilizes a combination of Exponential Moving Averages (EMAs), Relative Strength Index (RSI), Volume, MACD, and Average True Range (ATR) to determine trade entries and exits.

🟢 Buy Conditions:
Trend Crossover Entry:

A Buy signal is generated when the Fast EMA crosses above the Slow EMA, indicating a potential bullish trend.

Oversold Reversal Entry:

Alternatively, a Buy is triggered when:

The Slow EMA is significantly below the Fast EMA (oversold market behavior),

The current price is well below the Fast EMA,

A volume spike occurs, suggesting a possible reversal.

🔴 Sell Conditions:
Trend Crossover Exit:

A Sell signal is generated when the Fast EMA crosses below the Slow EMA, indicating a bearish shift.

Overbought Reversal Exit:

A Sell is triggered when:

The Slow EMA is above the Fast EMA by a wide margin,

The price is well above the Fast EMA,

A volume spike suggests downward reversal pressure.

📏 Risk Management:
Uses ATR-based stop-loss and take-profit levels to dynamically manage risk per trade.

Includes adjustable input options for ATR multipliers, moving average lengths, volume filters, and more.

🧩 Why Use This Strategy?
Rather than juggling multiple indicators manually, this script combines and simplifies them into a single, convenient strategy. It’s ideal for traders who want:

Clean visual signals,

Robust entry/exit logic backed by volume and trend behavior,

A modular and customizable setup for testing and optimization.

⚠️ Disclaimer: This script is for educational and informational purposes only. It does not constitute financial advice. Always backtest strategies thoroughly and use proper risk management when trading live.

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