OPEN-SOURCE SCRIPT
Enhanced Moving Average Crossover Strategy
Enhanced Moving Average Crossover Strategy
This Pine Script implements an improved moving average crossover strategy designed for trend-following traders. It leverages Exponential Moving Averages (EMAs) combined with a trend filter for better signal reliability and incorporates dynamic risk management tools for improved performance.
Features
Exponential Moving Averages: Reacts faster to price changes, reducing lag compared to traditional SMAs.
Trend Filter: Trades are executed only in the direction of the prevailing trend, determined by a long-term Simple Moving Average (SMA).
Dynamic Risk Management:
Stop-Loss: Protects against excessive losses.
Take-Profit: Locks in profits at a predefined percentage.
Risk-Reward Ratio: Ensures favorable trade-offs with a configurable ratio.
Signal Visualization:
Buy Signals: Upward green triangles when short EMA crosses above long EMA in a bullish trend.
Sell Signals: Downward red triangles when short EMA crosses below long EMA in a bearish trend.
Customizable Parameters:
Short and long moving average lengths.
Trend filter period.
Stop-loss and take-profit levels.
Risk-reward ratio.
How It Works
Signal Generation:
A Buy Signal occurs when the short EMA crosses above the long EMA while the price is above the trend filter.
A Sell Signal occurs when the short EMA crosses below the long EMA while the price is below the trend filter.
Risk Management:
Entry orders include stop-loss and take-profit levels for automated exits.
Usage
This script is suitable for trending markets and provides clear entry/exit signals while maintaining strict risk management. Traders can customize parameters to match their trading style and asset preferences.
Attribution
This script was designed by leveraging common trading principles such as moving averages and trend filtering. No external code or resources have been copied, and all code modifications are original.
Disclaimer
This strategy is for educational purposes and should be tested thoroughly on historical data using TradingView's Strategy Tester before live trading. Past performance does not guarantee future results.
Feel free to tweak this further for your needs. Let me know if you’d like additional adjustments! 🚀
This Pine Script implements an improved moving average crossover strategy designed for trend-following traders. It leverages Exponential Moving Averages (EMAs) combined with a trend filter for better signal reliability and incorporates dynamic risk management tools for improved performance.
Features
Exponential Moving Averages: Reacts faster to price changes, reducing lag compared to traditional SMAs.
Trend Filter: Trades are executed only in the direction of the prevailing trend, determined by a long-term Simple Moving Average (SMA).
Dynamic Risk Management:
Stop-Loss: Protects against excessive losses.
Take-Profit: Locks in profits at a predefined percentage.
Risk-Reward Ratio: Ensures favorable trade-offs with a configurable ratio.
Signal Visualization:
Buy Signals: Upward green triangles when short EMA crosses above long EMA in a bullish trend.
Sell Signals: Downward red triangles when short EMA crosses below long EMA in a bearish trend.
Customizable Parameters:
Short and long moving average lengths.
Trend filter period.
Stop-loss and take-profit levels.
Risk-reward ratio.
How It Works
Signal Generation:
A Buy Signal occurs when the short EMA crosses above the long EMA while the price is above the trend filter.
A Sell Signal occurs when the short EMA crosses below the long EMA while the price is below the trend filter.
Risk Management:
Entry orders include stop-loss and take-profit levels for automated exits.
Usage
This script is suitable for trending markets and provides clear entry/exit signals while maintaining strict risk management. Traders can customize parameters to match their trading style and asset preferences.
Attribution
This script was designed by leveraging common trading principles such as moving averages and trend filtering. No external code or resources have been copied, and all code modifications are original.
Disclaimer
This strategy is for educational purposes and should be tested thoroughly on historical data using TradingView's Strategy Tester before live trading. Past performance does not guarantee future results.
Feel free to tweak this further for your needs. Let me know if you’d like additional adjustments! 🚀
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
¿Quiere utilizar este script en un gráfico?
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.