EMA Candle Close Strategy by Gentleman-Goat

This is a simple script which overlays the 200, 55, 21, 13 and 8 EMA's and suggest a buy and sell based on if the 8,13 and 21 EMA's have crossed the 55 EMA and the close is also above the 55 EMA for the candle. This is a popular strategy used and is best used on the Daily or the Hourly chart. In particular I have had success with the 'Daily' chart.

More features will be added soon with variations that can be turned off or on in the options.

By default the strategy assumes you are starting with $1000 and a commission rate of 0.26% which is the typical taker fee for crypto exchanges, but you can change this in the settings.

-=Gentleman Goat=- Download the TradingView Input Optimizer at tradingtools.software/optimizer
Discord: discord.gg/pGHHRczpbu

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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