OPEN-SOURCE SCRIPT

Multi-Indicator Trend-Following Strategy v7

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This strategy is a trend-following system that combines multiple technical indicators into a single, optimized indicator to help identify high-probability Buy and Sell opportunities while maintaining a clean and uncluttered chart.

✅ How It Works:
This script utilizes a combination of Exponential Moving Averages (EMAs), Relative Strength Index (RSI), Volume, MACD, and Average True Range (ATR) to determine trade entries and exits.

🟢 Buy Conditions:
Trend Crossover Entry:

A Buy signal is generated when the Fast EMA crosses above the Slow EMA, indicating a potential bullish trend.

Oversold Reversal Entry:

Alternatively, a Buy is triggered when:

The Slow EMA is significantly below the Fast EMA (oversold market behavior),

The current price is well below the Fast EMA,

A volume spike occurs, suggesting a possible reversal.

🔴 Sell Conditions:
Trend Crossover Exit:

A Sell signal is generated when the Fast EMA crosses below the Slow EMA, indicating a bearish shift.

Overbought Reversal Exit:

A Sell is triggered when:

The Slow EMA is above the Fast EMA by a wide margin,

The price is well above the Fast EMA,

A volume spike suggests downward reversal pressure.

📏 Risk Management:
Uses ATR-based stop-loss and take-profit levels to dynamically manage risk per trade.

Includes adjustable input options for ATR multipliers, moving average lengths, volume filters, and more.

🧩 Why Use This Strategy?
Rather than juggling multiple indicators manually, this script combines and simplifies them into a single, convenient strategy. It’s ideal for traders who want:

Clean visual signals,

Robust entry/exit logic backed by volume and trend behavior,

A modular and customizable setup for testing and optimization.

⚠️ Disclaimer: This script is for educational and informational purposes only. It does not constitute financial advice. Always backtest strategies thoroughly and use proper risk management when trading live.

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.