OPEN-SOURCE SCRIPT
HA.MACD.MA.TradeSetups
Updated
Hi probably trade setups indicator intended to be used with Heikin Ashi candles. It uses fibo EMAs and MACD to signal longs/shorts. Intended for scalping high cap coin with high volume on lower time frames.
Release Notes
Small tweaks in the names.This script is intended for scalping. It offers high probable entries for longs and shorts and exit points. It is 75%+ profitable on the signals with small losses on losing trades and big profits on the winning trades. It is intended to be used with Heiking Ashi candles and 4 Moving Averages. MAs values can be changed to fit everyones profile, and in case you need less MAs just go ahead and put two moving averages with the same value. (example 8, 13, 21, 21 - consecutive numbers with the same value).
Always do your own analysis and make trades on your own risk. Find a confluence point where everything aligns and make your own decision. Don't enter a trade because the indicator tells you so. You are free to make a copy of the script and change it to your own needs for your own personal use.
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
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