This strategy concept is from ismail_tarim on TradingView, and on Twitter as @ismailtarim977. It is intended to be implemented on the daily chart . The original strategy is reflected, to the best of my ability and understanding, in the default settings.
There is an option to toggle plots being displayed. The plots accurately indicate when the events take place, rather than the delay from the strategy display.
// SYMBOL LEGEND //
Green 'X' indicates when price crosses up the desired HMA .
Green 'Up Arrow' shows the pullback entry on the crossed HMA .
Red "Down Arrow" shows the exit when prices closes below the HMA 55, or "Fast HMA".
If you notice something that needs to be changed or that could be added, please share it in the comments below. Thanks!
There is an option to toggle plots being displayed. The plots accurately indicate when the events take place, rather than the delay from the strategy display.
// SYMBOL LEGEND //
Green 'X' indicates when price crosses up the desired HMA .
Green 'Up Arrow' shows the pullback entry on the crossed HMA .
Red "Down Arrow" shows the exit when prices closes below the HMA 55, or "Fast HMA".
If you notice something that needs to be changed or that could be added, please share it in the comments below. Thanks!
Release Notes:
Added a cancel condition to cancel pending orders with a close below both HMAs. Also adjusted a history referencing variable for pullback entries and entry signal confirmation candles.
Release Notes:
- Additional adjustments for more accurate pending order cancellations.
- Added an option to specify the max number of bars allowed between a crossover and entry.
Again, if you notice any issues or have idea for improvements, please leave your feedback in the comments below! Thank you all for your continued interest! :D
- Added an option to specify the max number of bars allowed between a crossover and entry.
Again, if you notice any issues or have idea for improvements, please leave your feedback in the comments below! Thank you all for your continued interest! :D
Release Notes:
Previous versions candle confirmation was based on the CLOSE after the crossover being higher than the crossed HMA. This has been adjusted.
Now, the HIGH after the crossover must be higher than the HIGH of the crossover to be considered a valid signal.
I will be sure to make all changes known for every update. While this may show slightly lower returns with some crossover options than the previous version, the probabilities of a valid entry have increased with the adjustment.
Now, the HIGH after the crossover must be higher than the HIGH of the crossover to be considered a valid signal.
I will be sure to make all changes known for every update. While this may show slightly lower returns with some crossover options than the previous version, the probabilities of a valid entry have increased with the adjustment.