OPEN-SOURCE SCRIPT
CTR Weekly MA Trading
I built this simple pine script to help me trade on the lower timeframe (1d) while still showing my key weekly moving averages to help me trade with the macro trend.
Rules for trading...
Steps for taking a Short position:
1. Wait for all 3 weekly moving averages to be in alignment (8EMA<21SMA<50SMA). When these aligned the candles will change to bright red, meaning bearish.
2. Wait for a pullback to the 1 Day 21SMA. When a candle touches the 21SMA, that candle will change color to white. This will be your alert to get ready to enter into a short.
3. On the next candle you can then take a short position as long as that candle is below the 21SMA, if not, wait for the net daily candle to close. If that is below the 21SMA you can then enter into a short on the opening of the next daily candle.
I built this to trade the Bear Market but this same method can also work in a Bull Market but just do the opposite.
Rules for trading...
Steps for taking a Short position:
1. Wait for all 3 weekly moving averages to be in alignment (8EMA<21SMA<50SMA). When these aligned the candles will change to bright red, meaning bearish.
2. Wait for a pullback to the 1 Day 21SMA. When a candle touches the 21SMA, that candle will change color to white. This will be your alert to get ready to enter into a short.
3. On the next candle you can then take a short position as long as that candle is below the 21SMA, if not, wait for the net daily candle to close. If that is below the 21SMA you can then enter into a short on the opening of the next daily candle.
I built this to trade the Bear Market but this same method can also work in a Bull Market but just do the opposite.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.