PROTECTED SOURCE SCRIPT
Crypto ENGULF Candle with EMA
This is strategy based on the popular candle pattern, the ENGULFING candle together with multiple EMA for small and big length, in this case 5,20,50 and 200.
The logic for long is the next one, we have a big engulf candle, meaning the the engulf low is lower than the previous low and the high of the candle is higher than the previous candle, together with close of the engulf higher than the previous candle. At the same time I am checking that the EMA are in ascending order , like small one bigger than the middle one and the middle one above big one.
For short, we check the same patterns for engulf, but this time applied to a red candle, opposite to a green candle in long. The same we check for EMA that they are in descending order, like 5<20 and 20<50 and so on.
For exit in both situations, I use the EMA 200 cross above or below, together with a tp/sl system.
If you have any questions, please let me know on private
The logic for long is the next one, we have a big engulf candle, meaning the the engulf low is lower than the previous low and the high of the candle is higher than the previous candle, together with close of the engulf higher than the previous candle. At the same time I am checking that the EMA are in ascending order , like small one bigger than the middle one and the middle one above big one.
For short, we check the same patterns for engulf, but this time applied to a red candle, opposite to a green candle in long. The same we check for EMA that they are in descending order, like 5<20 and 20<50 and so on.
For exit in both situations, I use the EMA 200 cross above or below, together with a tp/sl system.
If you have any questions, please let me know on private
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受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。