OPEN-SOURCE SCRIPT

EMA_cumulativeVolume_crossover[Strategy V2]

7 335
This is variation of EMA_cumulativeVolume_crossover strategy.

instead of cumulative volume crossover, I have added the EMA to cumulative volume of same EMA length.

when EMA crossover EMACumulativeVolume , BUY

when already in LONG position and price crossing over EMACumulativeVolume*2 (orange line in the chart) , Add more

Partial Exit , when RSI 5 crossdown 90

Close All when EMA cross down EMACumulativeVolume

Note
Black Line on the chart is the historical value of EMACumulativeVolume . when EMA area is green and price touch this line closes above it , you can consider consider BUY

I have tested it on SPY , QQQ and UDOW on hourly chart.
EMA setting 25 is working for all of these.
but SPY produces better results on EMA 35 setting

warning
This strategy is published educational purposes only.

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