PROTECTED SOURCE SCRIPT
BTC 1H Optimal Moving Average Ribbon
This plots a moving average ribbon (It is tight so it looks more like a line than ribbon), please use the exponential not the standard.
It is based on a constant calculation of the most profitable EMAs to trade on the 1H time frame for BTC!
Thus the values will be updated with time as they change.
As an example trading the EMA 176 will return ~8500% (20.8.2019)on initial investment starting April 2015, compared to holding giving ~4800%.
It is a simple price breaks above EMAs to go long and break below to go short strategy but I recommend waiting for the full twist.
Lime : Uptrend. Long trading
Green : Reentry (buy the dip) or downtrend reversal warning
Red : Downtrend. Short trading
Maroon : Short Reentry (sell the peak) or uptrend reversal warning
Stolen from Madrid Moving Average Ribbon : 2.0 : MMAR
madridjourneyonws.blogspot.com/
Adapted for 1H optimal EMAs for BTC
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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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.