MA Strength Strategy

This is based on Aligned Moving Average Index published earlier:

But, instead of scoring trend based on how many moving averages are aligned, we are considering upside score. Higher scores are assigned for slower moving averages and lower scores for faster moving averages to give more stress to long term trend.

Buy/Sell conditions are based on moving average crossover on the upside score sum of Loopback days.

This is a very rough idea which seems to have been working ok on long only trades. Can be further improved.
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.

Want to use this script on a chart?
Please PM me if you need access to any invite only scripts.

Join tradingview: https://www.tradingview.com/gopro/?share_your_love=sudh


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out