OPEN-SOURCE SCRIPT
PT - EMA/SMA Spread AND Combination with MultipleTimeFrame
Updated
You can now combine multiple timeframe EMA/SMA as in profit trailer and see which areas will be then used for PT if you for example use a 15 minute EMASpread and 60 minute Spread.
- From what i can see the lowes the timeframe the faster it reacts but a lot of times you will get stuck with a bag due to a coin having 2 drops. Thiw might help you find a sweetspot so that you can picky only the high reward low risk trades.
- From what i can see the lowes the timeframe the faster it reacts but a lot of times you will get stuck with a bag due to a coin having 2 drops. Thiw might help you find a sweetspot so that you can picky only the high reward low risk trades.
Release Notes
Enabling positive spread capabilityOpen-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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