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OPEN-SOURCE SCRIPT

2 Moving Averages | Trend Following

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The trading system is a trend-following strategy based on two moving averages (MA) and Parabolic SAR (PSAR) indicators.

How it works:

  • The strategy uses two moving averages: a fast MA and a slow MA.
  • It checks for a bullish trend when the fast MA is above the slow MA and the current price is above the fast MA.
  • It checks for a bearish trend when the fast MA is below the slow MA and the current price is below the fast MA.
  • The Parabolic SAR (PSAR) indicator is used for additional trend confirmation.
  • Long and short positions can be turned on or off based on user input.
  • The strategy incorporates risk management with stop-loss orders based on the Average True Range (ATR).
  • Users can filter the backtest date range and display various indicators.
  • The strategy is designed to work with the date range filter, risk management, and user-defined positions.


Features:

  • Trend-following strategy.
  • Two customizable moving averages.
  • Parabolic SAR for trend confirmation.
  • User-defined risk management with stop-loss based on ATR.
  • Backtest date range filter.
  • Flexibility to enable or disable long and short positions.
  • This trading system provides a comprehensive approach to trend-following and risk management, making it suitable for traders looking to capture trends with controlled risk.

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

sosacur01
breakouttradingMoving AveragesparabolicPortfolio managementsimplertradingspy500supertrendTrend Analysis

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.
breakouttradingMoving AveragesparabolicPortfolio managementsimplertradingspy500supertrendTrend Analysis

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

sosacur01

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.