OPEN-SOURCE SCRIPT
Optimal 4H Moving Average Ribbon
//
// Stolen from Madrid Moving Average Ribbon : 2.0 : MMAR
// madridjourneyonws.blogspot.com/
// Adapted for 4H optimal EMAs
//
// This plots a moving average ribbon, please use the exponential not the standard.
// It is based on a constant calculation of the most profitable EMAs to trade on the 4H time frame for Ethereum!
// Thus the values will be updated with time as they change.
// As an example trading the EMA 167 will return ~17742% (15.8.2019)on initial investment starting March 2016, compared to holding giving ~1225%.
// It is a simple price breaks above EMAs to go long and break below to go short strategy but I recomened waiting for the full twist.
//
//
// Lime : Uptrend. Long trading
// Green : Reentry (buy the dip) or downtrend reversal warning
// Red : Downtrend. Short trading
// Maroon : Short Reentry (sell the peak) or uptrend reversal warning
//
// Stolen from Madrid Moving Average Ribbon : 2.0 : MMAR
// madridjourneyonws.blogspot.com/
// Adapted for 4H optimal EMAs
//
// This plots a moving average ribbon, please use the exponential not the standard.
// It is based on a constant calculation of the most profitable EMAs to trade on the 4H time frame for Ethereum!
// Thus the values will be updated with time as they change.
// As an example trading the EMA 167 will return ~17742% (15.8.2019)on initial investment starting March 2016, compared to holding giving ~1225%.
// It is a simple price breaks above EMAs to go long and break below to go short strategy but I recomened waiting for the full twist.
//
//
// Lime : Uptrend. Long trading
// Green : Reentry (buy the dip) or downtrend reversal warning
// Red : Downtrend. Short trading
// Maroon : Short Reentry (sell the peak) or uptrend reversal warning
//
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