I get this email about a Trend Following System that sells for $1000 but I could get it that day for only $500!!!
I watch the video showing this Amazing System which may have taken me an entire minute to figure out the code.
I code it up. And Hey…It’s not a bad system. It’s good for people who may need a Entry Signal to get them in a Trending Move, and KEEP them in a Trending Move while providing a defined Stop.
So I thought I would save the community the Very Fair price of Only $500 for a system that consists of a couple of EMA’s and a few Rules…and give it to you for free.
See Link Below for Main Chart Showing 2nd System!!!
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.
//Created by ChrisMoody on 10-05-2014 //Known as SlingShot Method that keeps Traders on Trending Side of Market. study("CM_SlingShotSystem", overlay=true) sae = input(true, title="Show Aggressive Entry?, Or Use as Alert To Potential Conservative Entry?") sce = input(true, title="Show Conservative Entry?") st = input(true, title="Show Trend Arrows at Top and Bottom of Screen?") def = input(false, title="Only Choose 1 - Either Conservative Entry Arrows or 'B'-'S' Letters") pa = input(true, title="Show Conservative Entry Arrows?") sl = input(false, title="Show 'B'-'S' Letters?") //EMA Definitions emaSlow = ema(close, 62) emaFast = ema(close, 38) //Aggressive Entry or Alert To Potential Trade pullbackUpT() => emaFast > emaSlow and close < emaFast pullbackDnT() => emaFast < emaSlow and close > emaFast //Conservative Entry Code For Highlight Bars entryUpT() => emaFast > emaSlow and close < emaFast and close > emaFast entryDnT() => emaFast < emaSlow and close > emaFast and close < emaFast //Conservative Entry True/False Condition entryUpTrend = emaFast > emaSlow and close < emaFast and close > emaFast ? 1 : 0 entryDnTrend = emaFast < emaSlow and close > emaFast and close < emaFast ? 1 : 0 //Define Up and Down Trend for Trend Arrows at Top and Bottom of Screen upTrend = emaFast >= emaSlow downTrend = emaFast < emaSlow //Definition for Conseervative Entry Up and Down PlotArrows codiff = entryUpTrend == 1 ? entryUpTrend : 0 codiff2 = entryDnTrend == 1 ? entryDnTrend : 0 //Color definition for Moving Averages col = emaFast > emaSlow ? lime : emaFast < emaSlow ? red : yellow //Moving Average Plots and Fill p1 = plot(emaSlow, title="Slow MA", style=linebr, linewidth=4, color=col) p2 = plot(emaFast, title="Slow MA", style=linebr, linewidth=2, color=col) fill(p1, p2, color=silver, transp=50) //Aggressive Entry, Conservative Entry Highlight Bars barcolor(sae and pullbackUpT() ? yellow : sae and pullbackDnT() ? yellow : na) barcolor(sce and entryUpT() ? aqua : sce and entryDnT() ? aqua : na) //Trend Triangles at Top and Bottom of Screen plotshape(st and upTrend ? upTrend : na, title="Conservative Buy Entry Triangle",style=shape.triangleup, location=location.bottom, color=lime, transp=0, offset=0) plotshape(st and downTrend ? downTrend : na, title="Conservative Short Entry Triangle",style=shape.triangledown, location=location.top, color=red, transp=0, offset=0) //Plot Arrows OR Letters B and S for Buy Sell Signals plotarrow(pa and codiff ? codiff : na, title="Up Entry Arrow", colorup=lime, maxheight=30, minheight=30, transp=0) plotarrow(pa and codiff2*-1 ? codiff2*-1 : na, title="Down Entry Arrow", colordown=red, maxheight=30, minheight=30, transp=0) plotchar(sl and codiff ? low - tr : na, title="Buy Entry", offset=0, char='B', location=location.absolute, color=lime, transp=0) plotchar(sl and codiff2 ? high + tr : na, title="Short Entry", offset=0, char='S', location=location.absolute, color=red, transp=0)