OPEN-SOURCE SCRIPT

3x EMA fast, 3 x MA slow + BB + Psar

By exlux
This is a trend system which combines multiple fast EMA + mulitple slower SMA together with bollinger band channel and PSAR.

For entry rules the ones that I use are:

Long
We are inside BB channel, psar is ascending, and our close is above all moving averages or below all EMA'S + 1 SMA
WE can exit either when our close is below all EMA's or when PSAR is descending or when we hit upper/lower BB levels

Short
We are inside BB channel, psar is descnending, and our close is below all moving averages or below all EMA's + 1 SMA
WE can exit either when our close is above all EMA's or when PSAR is ascending or when we hit upper/lower BB levels

If you have any questions, let me know
Bitcoin (Cryptocurrency)BTCcryptoDaily ChartsETHForexMoving AveragestrendTrend AnalysisVolatility
exlux
🔻My Website: hercules.money/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Disclaimer