New Simple, easy and profitable Cryptocurrency trading strategy. The chart I've used to demonstrate is Ethereum but I use it across all of the major cryptocurrencies (BTC, XRP, BCH, DASH, etc). The chart shows daily timeframe but it is profitable on lower timeframes (I haven't used/tested below 4hr so try that yourself)
Indicator List WWV_LB (5) = Weis Wave Volume by Lazybear with lookback setting of 5 Blue EMA = 8, close Red EMA = 8, open
Coloured Boxes Red = Profitable sell Green = Profitable Buy Yellow = Losing trade
Weis wave volume indicator is essentially showing when there is a turning point of control over the previous 5 timeperiod (here 5 days), from either bears to bulls or vice-versa. Meaning it is very good at showing the start and end of swings. The EMAs are used to filter the weis wave volume indicator so that you dont enter on small pullbacks and it allows to visibly view the trend (pointing up/down) and when market is stagnent.
Rules
Buy
1. Look to buy when the weis wave volume indicator switches from red(bears in control) to green (bulls in control). filter 2. EMA 8, close must be above ema 8, open with daylight between the indicators. Without daylight then for me it doesnt represent a strong move.
Sell
1. Look to sell when the weis wave volume indicator switches from Green to red. filter 2. EMA 8, close must be below ema 8, open with daylight between the indicators.
评论
⋅
Trade example below on ripple
Also worth mentioning as i forgot in original post. I exit the trade off the weis wave volume indicator switching to opposite direction. Doesnt matter if EMAs cross, if it still shows short/long then i'll keep trade open.
I like it, and it doesn’t cost money and even if you do pay the ppl turn off access every few days just to F with you. Anyway great work Thank You :)
UnknownUnicorn2698619
⋅
Hi, Hope alls going well trading in these epic times of crypto, Im looking around at different indicators and this would be a great suit for my strategy could get access to your script please?
tradingview.com/script/qoyz7UQc-Simple-and-Profitable-Cryptocurrency-Trading-Strategy/