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Bhangerang

Midas Mk. II - Ultimate Crypto Swing

Bhangerang Updated   
Exponential Moving Average (EMA) Simple Moving Average (SMA) Moving Average Convergence / Divergence (MACD)
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ema simplemovingaverage macd
>> This scrip is only meant to be used in 4hour crypto chart <<

  • How It Works - To swing trade in a 4 hr candles, which has a much larger range than shorter timeframe candles, the script utilizes a longer timeframe ema, sma and MACDs to account for such. When the ema and sma crosses and the rate of change of the MACD histogram is in favor of the direction, then the system provides a long/short signal.
  • How To Use - The script works the best when the signal is in par with other analyses (trend, harmonic patterns, etc.) This script does not provide any exit signals, so I recommend exiting when the candle breaks out of the structure, or other strategies.

Updates or revisions will be recorded in the comments. Good luck with this script!
Release Notes:
Little change (ema --> sma)
Open-source script

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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