ChartArt

EMA Slope + EMA Cross Strategy (by ChartArt)

This strategy uses divergences between three exponential moving averages and their slope directions as well as crosses between the price and these moving averages to switch between a long or short position. The strategy is non-stop in the market and always either long or short.

In addition the moving averages and price bars are colored depending if they are trending up or down.

The strategy was created for the "EURUSD" daily timeframe .


All trading involves high risk; past performance is not necessarily indicative of future results. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact , if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
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?

Comments

What does the color of the bar mean?
+18 Reply
o meu deu este erro. Como corrijo?

startup failed

Line 39: unexpected token: and @ line 39, column 52.
ce, MA3) or ( change(price)<0 and change
+2 Reply
The best results for this strategy based on profit factor according to my backtesting results on 126 pairs and 32 timeframes (4032 in total) are :
1. For FOREX : EURCHF, 1D
2. For CRYPTOs : ICPUSDT, 480m-8h
3. For INDICES and METALS : CN50USD, 2D
+1 Reply
is this coded int an ea?
Reply
How can I copy the strategy?
Reply
You're a Legend
Reply
good
Reply