4XRandalll

5X EMA Trend Follower

////////////////////////////////////////////////////////////
// Copyright by Randalll.com v1.0 09/03/2016
// This indicator provides 5 Exponential Moving Averages .
// Works well on 1D,4H,1H TF
// To be used with traditional trend following strategies.
// Example
// If 50/100/200 trending in same direction. Then buy/sell
// with trend direction. Use PA, pinbar, news catalyst
// or pullback to 50E for Entry signal.
// Use 2x ATR for SL, set no TP. Ride the trend to the end.
// Exit when 10 crosses 20, or 20 crosses 50
// in volitile markets.
// As always use at your own risk and stay awesome.
// by randalll.com
////////////////////////////////////////////////////////////
study(title="5X EMA Trend Follower", overlay=true)
short1 = ema(close, 10)
short2 = ema(close, 20)
long1 = ema(close, 50)
long2 = ema(close, 100)
long3 = ema(close, 200)
plot(short1, color = green)
plot(short2, color = red)
plot(long1, color = blue)
plot(long2, color = purple)
plot(long3, color = black)
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////////////////////////////////////////////////////////////
//  Copyright by Randalll.com v1.0 09/03/2016
//    This indicator provides 5 Exponential Moving Averages.
//    Works well on 1D,4H,1H TF
//    To be used with traditional trend following strategies. 
//  Example
//    If 50/100/200 trending in same direction. Then buy/sell
//    with trend direction. Use PA, pinbar or news catalyst
//    for Entry signal.
//    Use 2x ATR for SL, set no TP. Ride the trend to the end.
//    Exit when 10 crosses 20, or 20 crosses 50 
//    in volitile markets.
//    As always use at your own risk and stay awesome.  
//    by randalll.com 
////////////////////////////////////////////////////////////
study(title="5X EMA Trend Follower", overlay=true)
short1 = ema(close, 10)
short2 = ema(close, 20)
long1 = ema(close, 50)
long2 = ema(close, 100)
long3 = ema(close, 200)
plot(short1, color = green)
plot(short2, color = red)
plot(long1, color = blue)
plot(long2, color = purple)
plot(long3, color = black)
yewtay
3 months ago
hi...randall, how to put this to MT4 ?
Reply
4XRandalll PRO yewtay
3 months ago
I have not tried writing any script for MT4 as I don't use it. (I use Oanda's FX Trader). I will have a look and see.
Reply
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