Generates buy or sell signal if monthly candle closes above or below the signal MA. Long positions only.
Inputs: -Change timeframe MA -Change period MA -Use SMA or EMA -Display MA -Use another ticker as signal -Select time period for backtesting
This script is not necessarily written to maximize profits, but to minimize losses. Although it can outperform 'Buy & Hold' on some occasions when there is a multiple month bearisch trend. You can optimise this strategy by changing the signal MA inputs. I would suggest aiming for the best Profit Factor starting from the monthly ("M") setting. You can always fine-tune the results at a lower timeframe.
The option to use another ticker for providing signals can give you a more stable and unified results. For example using SPY as signal with default parameters gives better results with AAPL than if you would use AAPL itself.
I used the anti-repainting function from PineCoders to prevent repainting. This script is best used for multi-month trading positions & Daily or 4H setting of your chart.
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.
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.