EMA Trend Cross Signal
LOGIC :
This strategy opens position if shorter period Exponential Moving Average (EMA) crosses over or crosses under the longer period EMA and exits position if any of the 3 exit conditions mentioned below is fulfilled
ENTRY CONDITIONS :
LONG ENTRY -
shorter period EMA crosses over longer period EMA
SHORT ENTRY -
shorter period EMA crosses under longer period EMA
EXIT CONDITIONS :
BOTH EMA CROSSED -
LONG EXIT - If price closes below both the shorter period EMA & longer period EMA
SHORT EXIT - If price closes above both the shorter period EMA & longer period EMA
STOP-LOSS HIT -
LONG EXIT - If price closes below the LOW created at the time of ema crossover
SHORT EXIT - If price closes above the HIGH created at the time of ema crossover
EMA CROSS -
LONG EXIT - If shorter period EMA crosses under longer period EMA
SHORT EXIT - If shorter period EMA crosses above longer period EMA
EXAMPLES :
1. TESLA (1-DAY) -
2. APPLE (1-WEEK) -
PYRAMID CLOSING -
Positions will be closed pyramidically in 5 levels and price of each level will be calculated by multiplying current market price with the percentage of each pyramid level's value user has entered
SETTINGS OPTIONS -
MA TYPE -
There is option to choose the type of moving average among SMA, EMA, RMA, WMA, VWMA on chart
MA LENGTH -
There is option to change the length of short period MA & large period MA
FIELD TYPE -
There is also option to choose the price field among open, close, low, high etc. for the selected MA
HISTORICAL BACKTEST -
We can also backtest the strategy for a certain duration of time using this option by changing the start time and end time
SHOW BACKGROUND COLORS FOR EVERY POSITION -
There is option to show background color as green whenever a bullish position is opened and as red whenever a bearish position is opened
SHOW BACKGROUND COLORS FOR EVERY PROFIT & LOSS -
There is option to show green circle in background whenever profit is made and red circle whenever loss is made
SHOW TABLE -
If selected then it will show a table at the top-right corner with all the pyramid levels at which position will be closed for the current scrip
PAUSE TRADING -
If this option is selected then no position will opened on the chart
Apple
Heikin-Ashi Change Strategy/ Indicator
Today I bring you a simple and efficient indicator/strategy based only on HA.
Can be used together with other TA tools or alone.
The idea behind is simple :
We have to forms to calculate the candle, using inner HA candles or normal candles. Once we have that we apply certain rules to get the max high, min low, open and close(ohlc)
With that then we check for changing in the patters like for example
For long close is higher than open and the previos close is lower than open. For short is going to be the opposite of long condition.
For the purpose of this example, I only use long direction and exit once we have the short signal.
If you have any questions, please let me know in private chat !
Stock Market Strategy : VWAP, MACD, EMA, Breakout, BBHello there,
Today I bring you a stock market strategy, specialized in NASDAQ stocks.
Its a daytrading strategy, that can only do a max of 1 trade per day. In this case it only trades the first 2 opening hours of the market.
The rules are simple :
We follow the trend based on a big EMA, in this case 200, after that, we check for VWAP direction , then, we check histogram from MACD. This is the simple logic of the strategy.
Inside there is another strategy, that not just do the above, but also uses Bollinger bands, and checks for breakout of bottom or top line. Also it uses Average directional Index, for even a bigger criteria .
So for example a long condition it would be : candle is above the ema, and candle is above vwap, and histogram is positive, and candle break the top bb level and ADI < 40 -> long signal . The opposite works for short(ADI > 20).
In this case all this criterias are between the first 2 hours of market. So we enter between the first hour, and exit in the next hour. For this we need to use very short time frames.
Hope you enjoy it.
Let me know if you have any questions
