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OPEN-SOURCE SCRIPT

MA+ADX+DMI

By codachang0726
BTCUSD
BTCUSDT


snapshot


Use long and short moving average to look for a potential price in/out. (default as 14 and 7, bases on the history experience)
ADX and DMI to prevent the small volatility and tangling MA.

Test it in 4HR, "BINANCE:BTCUSDT"

From 12/1/2017- 11/1/2020 (Mixed Bull/Bear market)
Overall Profit:　560.89%

From 1/1/2018 - 1/1/2019 (Bear market)
Overall Profit:　-2.19%

From 4/1/2020 - 11/1/2020 (Bull Market)
Overall Profit: 274.74%

Any suggestion is welcome to discuss.
Average Directional Index (ADX)BTCDirectional Movement Index (DMI)Simple Moving Average (SMA)

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?

codachang0726

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