OPEN-SOURCE SCRIPT
Trend #2 - BB+EMA
What is the Trend #2 - BB+EMA?
This strategy uses a combination of Bollinger Bands and Exponential Moving Averages, and adds the position management skills.
When a position is established, if the price moves in the wrong direction, EMA will move the stop price closer to the opening price, which will reduce losses during the shocks.
If the price moves in the right direction, EMA will be close to the latest price to try to keep the profit.
Once a trend starts to emerge, the strategy is bound to capture the opportunity. I think this is a very smart way to do it.
This strategy performs well in almost all cryptocurrencies, it's mean the strategy has good generalizability.
This strategy uses a combination of Bollinger Bands and Exponential Moving Averages, and adds the position management skills.
When a position is established, if the price moves in the wrong direction, EMA will move the stop price closer to the opening price, which will reduce losses during the shocks.
If the price moves in the right direction, EMA will be close to the latest price to try to keep the profit.
Once a trend starts to emerge, the strategy is bound to capture the opportunity. I think this is a very smart way to do it.
This strategy performs well in almost all cryptocurrencies, it's mean the strategy has good generalizability.
Release Notes
V2Add - SAR boost. This function is used to correct the passivation problem at the end of the EMA.
Release Notes
V3 - Optimize UIRelease Notes
V4 - Minor changes to the scriptOpen-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.
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.
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.
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.