OPEN-SOURCE SCRIPT
Simple 5-8-13 Strategy
The Simple 5-8-13 SMA Strategy is a trend-following trading system that uses three Simple Moving Averages (SMA) with periods of 5, 8, and 13. The strategy generates buy signals when the shorter-term moving averages cross above the longer-term ones (specifically when SMA5 > SMA8 > SMA13), indicating an upward trend. Sell signals are generated when the shortest moving average falls below both longer averages (SMA5 < SMA8 and SMA5 < SMA13), suggesting a downward trend. This strategy is designed to work on 15-minute timeframes and aims to capture medium-term price movements. Like all trading strategies, it should be used in conjunction with proper risk management and other technical analysis tools.
Open-source script
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