OPEN-SOURCE SCRIPT

High/Low Channel Multi averages Crypto Swing strategy

By exlux
This is a swing strategy designed for trending markets such as crypto and stock, with big timeframes , like 8h.

For this strategy we take SMA, EMA, VWMA, ALMA, SMMA, LSMA and VWMA and make an apply them all to both HIGH and LOW separately and make 2 averages, 1 applied to high and the other applied to low.
With them we make a channel.

Rules for entry
For long: close of a candle is above avg applied to high.
For short: close of a candle is below avg applied to low.

Rules for exit
We exit when we either hit TP or SL or when we receive a different condition than the entry one.(long- > short and viceversa)


If you have any questions, let me know !



automationbotcryptoLONGMoving AveragesshortStocksstrategyswingtrendTrend Analysis
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.

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