This is a full strategy designed for gold market using 12h timeframe chart.
Its components are: VWAP monthly SMO oscillator MACD histogram
Rules for entry: For long: when enter when close of the candle is above vwap monthly, current histogram is higher than the previous one and SMO oscillator is above 0 For long: when enter when close of the candle is below vwap monthly, current histogram is lower than the previous one and SMO oscillator is below 0
Rules for exit: We exit the trade if we get a reverse condition. We also exit the trade based on a risk management system, both for SL and TP using % movements.
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 publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
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