OPEN-SOURCE SCRIPT
Optimized SMA Crossover with VWAP, ADX Filter, and Dynamic S/R
Key Changes:
ADX Filter Enhancement: Added a check to ensure that the plusDI is greater than minusDI for a long signal and vice versa for a short signal. This ensures that the trend is in the direction of the crossover.
Removed Fake Signals: By ensuring that the crossover is in the direction of the trend (using plusDI and minusDI), we reduce the likelihood of false signals.
Consolidated Logic: The script now ensures that signals are only generated when the price is in a clear trend and the crossover is sustained.
This should help in reducing fake signals and provide more reliable buy/sell signals based on the SMA crossover, VWAP filter, and ADX trend strength.
ADX Filter Enhancement: Added a check to ensure that the plusDI is greater than minusDI for a long signal and vice versa for a short signal. This ensures that the trend is in the direction of the crossover.
Removed Fake Signals: By ensuring that the crossover is in the direction of the trend (using plusDI and minusDI), we reduce the likelihood of false signals.
Consolidated Logic: The script now ensures that signals are only generated when the price is in a clear trend and the crossover is sustained.
This should help in reducing fake signals and provide more reliable buy/sell signals based on the SMA crossover, VWAP filter, and ADX trend strength.
Açık kaynak kodlu komut dosyası
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 publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
Bu komut dosyasını bir grafikte kullanmak ister misiniz?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.