PROTECTED SOURCE SCRIPT
2 Emas and RSI simple system (Malverti) - long only
This system originates from many articles by Enrico Malverti on 2015, 09 : "i-trading-systems-parte-5".
Many trading systems are more stable if you use simple and not so innovative indicators, like exponential moving averages and Relative Strengthe index.
Differently by the original article:
- there is no ATR Filter, but we have introduced a Schaff Indicator. If you have multiple shares/commodities to choose, prefer what has a better value of Schaff;
- there is no fixed stop loss but a second moving average (fast), used as target. There are also Emas on lows (trailing stop loss for long) and a Emas on highs (trailing stop loss for short position).
Be careful, in the system only long case, because being short is not the reverse of being long (also indicators have a different behaviour - sauciusfinance altervista: see article: why-going-short-is-immoral-and-dangerous)
Emas oh highs are only graphically put.
BUY when prices crosses over Ema on long period (we suggest, however, Ema long = Ema fast period = no. 14)
SELL when
- prices go under Ema on lows (7 period), or under on Ema fast!
- RSI crosses under level 70 or is higher than 75 (or 80, but in code there is 75)
Many trading systems are more stable if you use simple and not so innovative indicators, like exponential moving averages and Relative Strengthe index.
Differently by the original article:
- there is no ATR Filter, but we have introduced a Schaff Indicator. If you have multiple shares/commodities to choose, prefer what has a better value of Schaff;
- there is no fixed stop loss but a second moving average (fast), used as target. There are also Emas on lows (trailing stop loss for long) and a Emas on highs (trailing stop loss for short position).
Be careful, in the system only long case, because being short is not the reverse of being long (also indicators have a different behaviour - sauciusfinance altervista: see article: why-going-short-is-immoral-and-dangerous)
Emas oh highs are only graphically put.
BUY when prices crosses over Ema on long period (we suggest, however, Ema long = Ema fast period = no. 14)
SELL when
- prices go under Ema on lows (7 period), or under on Ema fast!
- RSI crosses under level 70 or is higher than 75 (or 80, but in code there is 75)
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Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.