Moving average concept

vsreeram77

Active Member
#1
Moving Average Concept
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Input parameters are as follows :

Select Time Frame 1 :1min/5min/15min/30min/60min/240min/daily

Select Time Frame 2 :1min/5min/15min/30min/60min/240min/daily

Select EMA Value 1 :36 (default)

Select EMA Value 2 :200 (default)

Activate Stoploss : Yes / No
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Important Note:

Take average buy only when current buy is lower than previous buy price
otherwise, ignore and keep only one open buy position till trend change
or stoploss hit.

Take average sell only when current sell is higher than previous sell
price otherwise, ignore sell entries and keep only one open sell
position till trend change or stoploss hit
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Buy Entry Rules:
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if ema36> ema200 in
higher time frame chart ( at least
2 candles must be open,high,low,close )
treat as long trend, consider only buy
positions, whenever a price
candle touches ema200 in lower time frame
take a buy position accordingly

stoploss optional, if stoploss activated by "Yes"
exit positions when trend changed in lower time frame

else
(if stoploss is not activated )

close positions, when trend changed in higher time frame.

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Sell Entry Rules :
-------------------

if ema36< ema200 in higher time frame( at least
2 candles must be open,high,low,close )
treat as sell trend, consider only sell
positions

whenever a price candle touches ema200
in lower time frame
take a sell position accordingly

stoploss optional, if stoploss activated by "Yes"
exit positions when trend changed in lower time frame

else

(if stoploss is not activated)

close positions, when trend changed in higher time frame.

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