OPEN-SOURCE SCRIPT

Triple SMA Strategy with entries based on sma price closes

3 198
Hi! :)

This strategy is made for intraday trades, especially on 5 sec - 5 min charts to follow the trend.

I have not tested on higher timeframes, but feel free to play with the values.

I have set a basic value for the 3 SMA at
-200
-400
-600

We will use an oscillator for entries which is not mine. Link ->
https://www.tradingview.com/script/5Aoz0yMh-Stochastic-based-on-Closing-Prices-Identify-and-Rank-Trends/

The oscillator mentioned above is just for visualization purposes, You do not need to get the signals, but You can see how scripts are generated with different values.

When the price above/below all the 3 SMA and oscillator crosses above/below "value you set" - You will get the buy or sell signal.
Your stop will be where the slowest SMA is.

Pyramiding is set for 10.

You can manually set 3 take profit and quantity levels.
Basic values are 1 %, 2 %, and 6 % for taking profits - You can change it based on how volatile the asset is.
Basic quantity values are 30 % at each level.


Hope You find it useful :)

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.