MattDeLong

Trend Following MOMO

Ingredients
Daily chart
8ema & 21ema on a 78-minute chart
Trend Following v1 indicator for TradingView (optional)

Steps
Identify stocks that tend to move the same direction for one or more weeks at a time.
Find and locate stocks where the 8ema is crossing above ( bullish ) or below ( bearish ) the 21 ema on a 78-minute chart.
If the 8ema > 21ema, the indicator will show a GREEN shaded area , be bullish OR if the 21ema > 8ema, the indicator will show a RED shaded area, be bearish .
Buy to open with a “Limit buy” order if a green arrowis present at CLOSE of a 78-minute candle or sell to open with a “limit sell” or if a red arrowis present at CLOSE of a 78-minute candle.
Use either stocks or options. allocate the same $$ for each trade, continue in the trend (stay in the trade) until you 1) trend is changing. 2) ready to lock in profits.

Optional
The shift from bearish to bullish is the best scenario, consider Long only / short only / long and short.
Set alerts “Trend Reversal” inside the v1 trend following TradingView indicator and ONLY trade your alerts.
Premium indicator has built-in strategy tester.
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Comments

thank you Matt
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Thanks Matt!!
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does anyone recall what the exclamation point means?
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PrinceMS drkidgell
@drkidgell, Reading code - it means "Trend Changing" warning basically.
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drkidgell PrinceMS
@PrinceMS, ahh. Ok. Got it.
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PrinceMS drkidgell
@drkidgell, correction: went through his webinar. He says: trend weakening. Not "change" at this point. I guess you look for it.
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MattDeLong drkidgell
@drkidgell, exclamation means it's a gap up & sell off (fade)
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ty!
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Thank you!
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