OPEN-SOURCE SCRIPT
Configurable Multi MA Crossover Voting System
This strategy goes long when all fast moving averages that you have defined are above their counterpart slow moving averages.
Long position is closed when profit or loss target is hit and at least one of the fast moving averages is below its counterpart slow moving average.
The format of the config is simple. The format is : FASTxSLOW,FASTxSLOW,...
Example : If you want 2 moving averages fast=9,slow=14 and fast=20,slow=50 you define it like this : 9x14,20x50
Another example : 5x10,10x15,15x20 => means 3 moving average setups : first wih fast=5/slow=10, second with fast=10/slow=15, last with fast=15/slow=20
You can chose the type of moving average : SMA, WMA, VWMA (i got issues with EMA/RMA so i removed them)
You can chose the source of the moving average : high, close, hl2 etc.
You can chose the period on which ATR is calculated and ATR profit/loss factors.
Profit is calculated like : buy_price + atr_factor*atr
Loss is calculated like : buy_price - atr_factor*atr
Performance in backtest is variable depending on the timeframe, the options and the market.
Performance in backtest suggests it works better for higher timeframes like 1d, 4h etc.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
Long position is closed when profit or loss target is hit and at least one of the fast moving averages is below its counterpart slow moving average.
The format of the config is simple. The format is : FASTxSLOW,FASTxSLOW,...
Example : If you want 2 moving averages fast=9,slow=14 and fast=20,slow=50 you define it like this : 9x14,20x50
Another example : 5x10,10x15,15x20 => means 3 moving average setups : first wih fast=5/slow=10, second with fast=10/slow=15, last with fast=15/slow=20
You can chose the type of moving average : SMA, WMA, VWMA (i got issues with EMA/RMA so i removed them)
You can chose the source of the moving average : high, close, hl2 etc.
You can chose the period on which ATR is calculated and ATR profit/loss factors.
Profit is calculated like : buy_price + atr_factor*atr
Loss is calculated like : buy_price - atr_factor*atr
Performance in backtest is variable depending on the timeframe, the options and the market.
Performance in backtest suggests it works better for higher timeframes like 1d, 4h etc.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.