This is a simple script using the 20 50 & 200 EMAs Future modifications coming. I plan to add volume and other plots to this strategy as I continue to develop it.
@maverick81,
Sell signal = 20 crossing under the 50
Sell Confirmation Signal = 20 & 50 crossing under the 200
Close Position Signal = 20 crossing over/under the 50
Buy Signal = 20 crossing over the 50
Buy Confirmation Signal = 20 & 50 crossing over the 200
@kaash_if,
Depends on the time you want to take on your trades.
This strategy is versatile and can be used on any time frame. For shorter trades I would recommend the 5-15 minute time frames, for longer period trades go for the 1 hour to 4 hour time frames
carlpetersen92
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@RagingSniper, How do we put in a stop loss when the buy signal appears on the chart, if i am using 5 minutes for example
tylermadepro4
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@RagingSniper, using the daily chart minute or hour for the crossover
RagingSniper
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@tylermadepro4, Honestly, you can use this strat on any time frame. I personally use it for 5 minutes with a Higher Time Frame Overlay of 1 hour.
RagingSniper
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@maverick81, Well, the 20 EMA (White) Crosses from under going over the 50 EMA (Green). That's a signal to go Long and buy. (Don't buy yet) Then the 50 EMA, if seeing a Strong trend reversal, will cross from under going over the 200 EMA (Blue). That's your confirmation signal. The exact opposite function are your Short (sell) opportunities.
i want to use cryptoscanner for cross EMA6 and EMA18 ? any suggestion ?
Regards