SoftKill21

MavilimW Strategy MTF EMA with HA Candles

This is a strategy adapted initially for Mavilim moving average indicator, based on WMA MA.

It seems to works amazingly on long term markets, like stocks, some futures, some comodities and so on.


In this strategy, I form initially the candle, using EMA values, so I take the EMA of last 50 closes, open, highs and lows and form the candle

After this I take interally HA and convert the EMA candle to HA.


Then using the moving averages on multiple timeframes, like in this example we have a chart on 4h, but I use 1h and 1d moving averages.

For long condition we have : close is above moving average timeframe1 and oving average timeframe2 and oving average timeframe3
Initially short would be close below ma timeframe1, ma timeframe2 and timeframe3 -> but here I also convert it into a long signal.
So we actually go only long .

And we have 2 different exits : for first long if we have a crossdown of 1h ma with 1 day ma, and for second long if we have a cross up of 1h ma with 1 day ma in this example.

Message me if you have any questions about this strategy.



My website: www.atraderlife.com/

Telegram group: t.me/atrader_life

DONATION
BTC: 347p8NNwnHmAUfyJXWaeLUgrpHwthmr5UP

TV
www.tradingview.com/gopro/?share_your_love=SoftKill21
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.

Want to use this script on a chart?