Hey guys, So it's pretty common knowledge that you can't code your pinescripts to run both long and short trades on the same instrument, but with that being said, if you use hedging in your trading like I do it can be pretty frustrating when you can't do it with the strategy your using. A quick work around that I've found and think you might find useful, and...
I've backtested this one over 200 times on multiple time frames and find using the higher timeframe to identify trend and weed out the false signals it works pretty well. HOW TO IMPLEMENT : Chart setup. Trading rush EMA - 200 period - timeframe same as chart - search in indicators for this one. Note at the bottom. EMA -MA crossover - set to 20 period MA, 50...
I've been looking at how to spot the good opportunities, and longer term opportunities and whilst I imagine a lot of people out there know this, it's taking me a minute to get my head around it all. What I've started doing is watching the higher time frame charts, 30min & 1hr, and using the EMA - MA crossover created by Hpotter. The good thing about this is that...
Have found some interesting things out with a strategy I've been testing and wonder if anyone else has any input? Indicators I've been using as you can see are the EMA - MA crossover created by @Hpotter, and then 2 x MACD indicators, I've put them both in the same box for ease of screen space more than anything but they can be split out. First MACD is in the...