4 Stripes Strategy Indicator

[Apprentice]

Short
When the fast MVA crosses the 3 slow MVA from above
Long
When the fast MVA crosses the 3 Slow MVA from below

To execute the sell/buy, the fast MVA must cross the HIGH or LOW.

Exit the position when the reverse happens and enter a new position in the new direction.

4 Stripes Strategy Indicator.lua

(5.5 KiB) Downloaded 1579 times

The indicator was revised and updated

[DS0167]

With the strategy it is a very nice one Apprentice

Is it possible to have the same with the EMA instead of SMA ?

Thank you
Danielle

[sabrumea]

Woow, I've just backtested this on my charts.. I believe this indicator has a huge potential! but is it very difficult to change it to EMAs instead of using MAs? I am sure EMAs will work even better! .. Apprentice, could you please help with it?

[Apprentice]

This version uses Averages indicator.
Allows you to use 20 of various moving averages.

Averages 4 Stripes Strategy Indicator.lua

(13.3 KiB) Downloaded 1069 times

To this indicator to work, you need to install Averages Indicator.
You can find it here.
viewtopic.php?f=17&t=2430&p=5268&hilit=averages#p5268

[sabrumea]

thanks tonns, Apprentice, excellent job and so fast! Thank you very much, i will experiment now with those settings !!!!

[JOKER83]

HI
CAN YOU MAKE
CLOSE OPTION ON/OFF
AND

ENTRY OPTION SAME WITH KELTNER CHANNEL
CROSS LINE ONE OVER/UNDER
CROSS LINE TWO OVER/UNDER
CROSS LINE THREE OVER/UNDER
THANKS

[Apprentice]

The indicator was revised and updated.