This is a strategy adapted mainly for - comodities market. Specialy long term charts like 1D +
It can work and be adapted to other markets as well.
In this case, initially we have 3 emas : a fast, a medium and a slow one.
If we have a cross between fast and slow and fast is above medium -> we have a long signal
If we have a cross donw between fast and slow and fast is below medium -> we have a short signal.
For exit we have multiple variants:
First we can use a TP/SL/TRAIL based either on pips or price % movement of the pair.
Second is when we meet with an opposite signal, like we initially went long and meet with a short signal.
Message me if you have any questions about it.
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.
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