OPEN-SOURCE SCRIPT
Seeking Alpha 1H Chart 1.2
Seeking Alpha 1H Chart - Strategy Description
The Seeking Alpha 1H Chart strategy is designed for swing traders looking for clear trend signals based on EMA crossovers, RSI confirmation, and volume analysis.
How It Works
✅ Golden Cross (BUY Signal) → The 20 EMA crosses above the 50 EMA, signaling an uptrend (Green Line, "BUY" Signal).
✅ Death Cross (SELL Signal) → The 20 EMA crosses below the 50 EMA, signaling a downtrend (Red Line, "SELL" Signal).
✅ RSI Scoreboard → Turns green when RSI is 55+ (strong buy signal), blue when neutral (50-54.9), and red when weak (<50).
✅ Volume Scoreboard → Highlights buying pressure in green and selling pressure in red with high/low volume readings.
✅ ATR-Based Stop Loss & Take Profit → Dynamically adjusts risk with 2x ATR stop loss and 4x ATR take profit.
Why Use This Strategy?
This strategy is perfect for traders looking for clean, easy-to-read signals without excessive chart clutter. It helps identify trend strength, momentum confirmation, and volume dynamics for better entry and exit decisions. 🚀
The Seeking Alpha 1H Chart strategy is designed for swing traders looking for clear trend signals based on EMA crossovers, RSI confirmation, and volume analysis.
How It Works
✅ Golden Cross (BUY Signal) → The 20 EMA crosses above the 50 EMA, signaling an uptrend (Green Line, "BUY" Signal).
✅ Death Cross (SELL Signal) → The 20 EMA crosses below the 50 EMA, signaling a downtrend (Red Line, "SELL" Signal).
✅ RSI Scoreboard → Turns green when RSI is 55+ (strong buy signal), blue when neutral (50-54.9), and red when weak (<50).
✅ Volume Scoreboard → Highlights buying pressure in green and selling pressure in red with high/low volume readings.
✅ ATR-Based Stop Loss & Take Profit → Dynamically adjusts risk with 2x ATR stop loss and 4x ATR take profit.
Why Use This Strategy?
This strategy is perfect for traders looking for clean, easy-to-read signals without excessive chart clutter. It helps identify trend strength, momentum confirmation, and volume dynamics for better entry and exit decisions. 🚀
Script open-source
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