OPEN-SOURCE SCRIPT
EMA_cumulativeVolume_crossover[Strategy V2]
This is variation of EMA_cumulativeVolume_crossover strategy.
instead of cumulative volume crossover, I have added the EMA to cumulative volume of same EMA length.
when EMA crossover EMACumulativeVolume , BUY
when already in LONG position and price crossing over EMACumulativeVolume*2 (orange line in the chart) , Add more
Partial Exit , when RSI 5 crossdown 90
Close All when EMA cross down EMACumulativeVolume
Note
Black Line on the chart is the historical value of EMACumulativeVolume . when EMA area is green and price touch this line closes above it , you can consider consider BUY
I have tested it on SPY , QQQ and UDOW on hourly chart.
EMA setting 25 is working for all of these.
but SPY produces better results on EMA 35 setting
warning
This strategy is published educational purposes only.
instead of cumulative volume crossover, I have added the EMA to cumulative volume of same EMA length.
when EMA crossover EMACumulativeVolume , BUY
when already in LONG position and price crossing over EMACumulativeVolume*2 (orange line in the chart) , Add more
Partial Exit , when RSI 5 crossdown 90
Close All when EMA cross down EMACumulativeVolume
Note
Black Line on the chart is the historical value of EMACumulativeVolume . when EMA area is green and price touch this line closes above it , you can consider consider BUY
I have tested it on SPY , QQQ and UDOW on hourly chart.
EMA setting 25 is working for all of these.
but SPY produces better results on EMA 35 setting
warning
This strategy is published educational purposes only.
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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