OPEN-SOURCE SCRIPT
Enhanced Moving Average Crossover Strategy
Enhanced Moving Average Crossover Strategy
This Pine Script implements an improved moving average crossover strategy designed for trend-following traders. It leverages Exponential Moving Averages (EMAs) combined with a trend filter for better signal reliability and incorporates dynamic risk management tools for improved performance.
Features
Exponential Moving Averages: Reacts faster to price changes, reducing lag compared to traditional SMAs.
Trend Filter: Trades are executed only in the direction of the prevailing trend, determined by a long-term Simple Moving Average (SMA).
Dynamic Risk Management:
Stop-Loss: Protects against excessive losses.
Take-Profit: Locks in profits at a predefined percentage.
Risk-Reward Ratio: Ensures favorable trade-offs with a configurable ratio.
Signal Visualization:
Buy Signals: Upward green triangles when short EMA crosses above long EMA in a bullish trend.
Sell Signals: Downward red triangles when short EMA crosses below long EMA in a bearish trend.
Customizable Parameters:
Short and long moving average lengths.
Trend filter period.
Stop-loss and take-profit levels.
Risk-reward ratio.
How It Works
Signal Generation:
A Buy Signal occurs when the short EMA crosses above the long EMA while the price is above the trend filter.
A Sell Signal occurs when the short EMA crosses below the long EMA while the price is below the trend filter.
Risk Management:
Entry orders include stop-loss and take-profit levels for automated exits.
Usage
This script is suitable for trending markets and provides clear entry/exit signals while maintaining strict risk management. Traders can customize parameters to match their trading style and asset preferences.
Attribution
This script was designed by leveraging common trading principles such as moving averages and trend filtering. No external code or resources have been copied, and all code modifications are original.
Disclaimer
This strategy is for educational purposes and should be tested thoroughly on historical data using TradingView's Strategy Tester before live trading. Past performance does not guarantee future results.
Feel free to tweak this further for your needs. Let me know if you’d like additional adjustments! 🚀
This Pine Script implements an improved moving average crossover strategy designed for trend-following traders. It leverages Exponential Moving Averages (EMAs) combined with a trend filter for better signal reliability and incorporates dynamic risk management tools for improved performance.
Features
Exponential Moving Averages: Reacts faster to price changes, reducing lag compared to traditional SMAs.
Trend Filter: Trades are executed only in the direction of the prevailing trend, determined by a long-term Simple Moving Average (SMA).
Dynamic Risk Management:
Stop-Loss: Protects against excessive losses.
Take-Profit: Locks in profits at a predefined percentage.
Risk-Reward Ratio: Ensures favorable trade-offs with a configurable ratio.
Signal Visualization:
Buy Signals: Upward green triangles when short EMA crosses above long EMA in a bullish trend.
Sell Signals: Downward red triangles when short EMA crosses below long EMA in a bearish trend.
Customizable Parameters:
Short and long moving average lengths.
Trend filter period.
Stop-loss and take-profit levels.
Risk-reward ratio.
How It Works
Signal Generation:
A Buy Signal occurs when the short EMA crosses above the long EMA while the price is above the trend filter.
A Sell Signal occurs when the short EMA crosses below the long EMA while the price is below the trend filter.
Risk Management:
Entry orders include stop-loss and take-profit levels for automated exits.
Usage
This script is suitable for trending markets and provides clear entry/exit signals while maintaining strict risk management. Traders can customize parameters to match their trading style and asset preferences.
Attribution
This script was designed by leveraging common trading principles such as moving averages and trend filtering. No external code or resources have been copied, and all code modifications are original.
Disclaimer
This strategy is for educational purposes and should be tested thoroughly on historical data using TradingView's Strategy Tester before live trading. Past performance does not guarantee future results.
Feel free to tweak this further for your needs. Let me know if you’d like additional adjustments! 🚀
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
Aviso legal
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