The author states:
This strategy creates long and short signals based on a 20 EMA crossing condition. Works well in 4H timeframes or higher. Accuracy is around 60%.
BUY
When a green candle crosses above 20 EMA
Followed by another green candle which closes above the previous candle high
SELL
When a red candle crosses below 20 EMA
Followed by another red candle which closes below the previous candle low
Stop loss at ATR + 5
Take Profit at 1.3R
original Tradingivew code:
https://www.tradingview.com/script/YoRka7mY-20-EMA-Daytrading-Strategy/
new ToS code in post below.
This strategy creates long and short signals based on a 20 EMA crossing condition. Works well in 4H timeframes or higher. Accuracy is around 60%.
BUY
When a green candle crosses above 20 EMA
Followed by another green candle which closes above the previous candle high
SELL
When a red candle crosses below 20 EMA
Followed by another red candle which closes below the previous candle low
Stop loss at ATR + 5
Take Profit at 1.3R

original Tradingivew code:
https://www.tradingview.com/script/YoRka7mY-20-EMA-Daytrading-Strategy/
new ToS code in post below.
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