OPEN-SOURCE SCRIPT

Smooth Moving Average Ribbon [STRATEGY] @PuppyTherapy

The Smooth moving average ribbon script is an enhancement of the script I posted yesterday. But will help you also create a very simple trend-following strategy or a simple trend-following filter.

You are able to select from a large variety of moving averages add Heikin Ashi Candles as a source and also add additional smoothing to every single of the moving averages.

The Strategy is using the basic backtesting engine.

It is a showcase that a simple strategy like buy when we going up and sell when we going down actually works especially on a bigger timeframe.

Thanks to all supporters and everget for some of the moving average scripts.

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