RV-Scalping 34EAV Channel

Works well with 1/3/5/15 min & above

//34 Exponential Moving Average of the Close
//34 Exponential Moving Average of the High
//34 Exponential Moving Average of the Low

//https://www.forexstrategiesresources.com/scalping-forex-strategies/106-1-min-scalping-with-34-exponential-moving-average-channel/

// When price is above the MAs (Moving Averages) we are only looking to buy as price comes back to the MAs.
// And when price is below the MAs, we are only looking to sell when price comes back to the MAs
// What we’re looking for when price pulls back to the MAs is for it to hold and then show that it is going to continue.
// We look for this continuation signal in terms of a strong, momentumdriven bar.

// 1) – Wait for pullback
// 2) – Enter when momentum comes into market
// 3) – Exit when momentum slows
// When the market has already moved a significant amount that day – Lets not enter in the same direct expecting a further move.

Note di rilascio:

V 2.0
Updated Channel number as input, so that default 34 can be changed to test with diff numbers.

Note di rilascio:

Upgrading to V5

Simple & effective - for safe trading.