This script is designed to work on cryptocurrency.
This idea is to capture large amounts of the trend but to be able to get out when the support begins to break.
To use this script: Buy signal: - When the price is above the white moving average - When the price goes over the buy line (higher / blue) - When trading view says buy
Sell signal - Move a stop up with the pink line and wait to be stopped out
Release Notes
Updated to buy at the buy line. Has a broader use across more cryptos and market types. Lowered profit factor with overall gain in actual profit over the general market
This script is published closed-source and you may privately use it freely.
Want to use this script on a chart?
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.