OPEN-SOURCE SCRIPT
XAUUSD TDFI & EMA TREND STRATEGY
The Trend Direction Force Index v2 (TDFI) strategy is a powerful tool designed to identify trend direction and momentum shifts in the market. This strategy leverages the TDFI indicator to signal entries and exits based on trend strength and directional force. Key features include:
Customizable Moving Averages: Users can select from various moving average types (EMA, WMA, VWMA, Hull, TEMA, etc.) for precise trend analysis.
Dynamic EMA Filters: The strategy integrates an EMA filter, allowing users to choose between 20, 50, or 100-period EMA for refined entry and exit signals.
Clear Entry and Exit Logic:
Enter long when the TDFI signal exceeds the high threshold, and the price stays above the selected EMA.
Exit long when the price closes below the selected EMA.
Enter short when the TDFI signal drops below the low threshold, and the price remains under the selected EMA.
Exit short when the price closes above the selected EMA.
Use Case:
This strategy is ideal for trend-following traders seeking automated decision-making in identifying strong uptrends or downtrends. It combines momentum strength with customizable filters to adapt to different market conditions.
Settings:
Lookback Periods: Configurable for TDFI calculation and dynamic adjustment.
Filter Thresholds: High and low thresholds to define overbought/oversold zones.
Moving Average Types: Choose the preferred smoothing method for the trend.
Note: The TDFI line is not plotted, as the focus is on entry/exit actions driven by the signal. Fine-tune the parameters to align with your trading strategy.
Customizable Moving Averages: Users can select from various moving average types (EMA, WMA, VWMA, Hull, TEMA, etc.) for precise trend analysis.
Dynamic EMA Filters: The strategy integrates an EMA filter, allowing users to choose between 20, 50, or 100-period EMA for refined entry and exit signals.
Clear Entry and Exit Logic:
Enter long when the TDFI signal exceeds the high threshold, and the price stays above the selected EMA.
Exit long when the price closes below the selected EMA.
Enter short when the TDFI signal drops below the low threshold, and the price remains under the selected EMA.
Exit short when the price closes above the selected EMA.
Use Case:
This strategy is ideal for trend-following traders seeking automated decision-making in identifying strong uptrends or downtrends. It combines momentum strength with customizable filters to adapt to different market conditions.
Settings:
Lookback Periods: Configurable for TDFI calculation and dynamic adjustment.
Filter Thresholds: High and low thresholds to define overbought/oversold zones.
Moving Average Types: Choose the preferred smoothing method for the trend.
Note: The TDFI line is not plotted, as the focus is on entry/exit actions driven by the signal. Fine-tune the parameters to align with your trading strategy.
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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