OPEN-SOURCE SCRIPT
LarryWillians - Simple Strategy
A simple and classic strategy on market, created by LarryWillians using a EMA9.
The brute model use a Cross from closing price on EMA9. But occurs many false entries.
In other to correct this kind of thing, I add a SMA21 to confirm the trend and decrease numbers of false trades.
The strategy waits to break the last High (for buy) a position.
As a strategy requires a Risk Mannager, I created a simple way to trailing this, as well a Take Proft and Stop Loss in %.
Is not the best strategy but, is one of the most famous on financial markets. I did my adaptive version as simples as it is :)
The brute model use a Cross from closing price on EMA9. But occurs many false entries.
In other to correct this kind of thing, I add a SMA21 to confirm the trend and decrease numbers of false trades.
The strategy waits to break the last High (for buy) a position.
As a strategy requires a Risk Mannager, I created a simple way to trailing this, as well a Take Proft and Stop Loss in %.
Is not the best strategy but, is one of the most famous on financial markets. I did my adaptive version as simples as it is :)
Script open-source
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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