These are backtest results for this indicator if converted to a strategy. It's kind of overpowered in my opinion(but not really) because look at the insane drawdown. Using a stop loss is something I'd rather not do because it eats away profits. My solution is to use the numbered candles in my previous post to better instruct the script on entries and exit.
Also, I will show you a perfect example of what this indicator visualizes.
Also, I will show you a perfect example of what this indicator visualizes.
Note
That being said, Happy 4th of July!
Note
In the future, this is how the script would read the chart above. Candles will all have multiple values based on their relationship to the EMAs.
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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.
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.