OPEN-SOURCE SCRIPT

Crypto Scalper Divergence Macd Psar Ema 200

By exlux
This is a very efficient crypto scalper adapted to very short timeframes, however it can be optimized for other timeframes and assests as well.

Its components are
MACD
P SAR
EMA 200
Risk management


Rules for entry:
For short : we have an uptrend on PSAR , histogram is positive (divergence MACD) and close of a candle is below EMA 200
For long : we dont have an uptrend on PSAR, histogram is negative(divergence MACD) and close of a candle is above EMA 200


Rules for exit:
We exit when we either find a reverse condition than the entry one, or based on stop loss/take profit that are calculated on % movements of the price.


If you have any questions, let me know !
altcoinsaltseasonautomationbotcryptoExponential Moving Average (EMA)ETHMoving Average Convergence / Divergence (MACD)Parabolic Stop and Reverse (PSAR)scalpstrategy
exlux
🔻My Website: hercules.money/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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