White MA

which is:-
MA6, MA20, MA50, MA200
However, I always turn off MA20 since I also use BB (20) indicator.
Generally, if small MA cross up big MA, then it becomes entry signal, & vice versa
Each entry signal need confirmation state which is next price should close higher than crossing price.
If price close lower than crossing price, then it will be invalid entry's signal,
while if price keep maintain at same value, then it's mean uncertain for me until it close whether above or below crossing price.
"Strategy 1" (General)
In TF1D, the pattern should fulfill my condition as below:-
- MA20 above MA50 (bullish uptrend)
- Price pullback at least touch MA20 for reversal (making Higher Low)
- Price break resistance of pullback's price
My entry signal only after it close above the resistance, near "support" (RBS, Resistance become Support)
My stop-loss, if and only if price touch previous SMA6 price (or SMA10)
Unfortunately, I haven't had any specific target price. It's depending on what kind of "player" you are. (achievement)
Few TPs those I used:-
- Price touch my Static Resistance on chart obtained from,
~ Pullback price
~ Fibo (1.61++)
~ Higher price in 3 months, 6 months, 1 year, 3 year, and so on. (road to ATH, All Time High)
- Price close outside Upper BB (Dynamic Resistance)
I don't assume sell signal by using crossing indicator as TP, it's more to stop-loss for me. (means stop from loss your profit)
"Strategy 2" (Reversal Entry)
In TF15 minutes, we are assuming entry signal when SMA6 cross up SMA50. However, it's still need confirmation by next closing price.
This strategy can be apply in TF1D although SMA20 doesn't cross up SMA50 yet.
That's all my sharing strategy/system based on my 2cent experience, it's not a prefects strategy but I hope it will gives some idea for you guys in order to obtain your own system.
Script open-source
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Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
Declinazione di responsabilità
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.