OPEN-SOURCE SCRIPT
Buy in long term uptrend (Weekly and Daily)

Condition: in uptrend, EMA8 > EMA144 (User can change the EMA# from input);
Price Action: (Price crossover EMA144) or (price touched EMA144 and close above it);
Trading Plan: Buy at close or next open; Initial Stop below EMA144;
No Exit strategy in this study, trader needs to move stop by other rules; such as, uptrend line break;
Back test Weekly and daily chart for SPY, QQQ, TLT, GLD, IWM, XLF, XLK, XOP, GS, IBM, APPL, CAT, LVS
1. When side way move or price From uptrend to Down trend, Entry could be stopped quickly with small loss;
2. When buy in trending move, the position could be hold for few years.
The best sample is QQQ weekly chart.
This is my first tradingview script. I created this script file and tested in one week.
Maybe, this script is too simple, other people published similar code already; Sorry, I didn't Check that yet.
Price Action: (Price crossover EMA144) or (price touched EMA144 and close above it);
Trading Plan: Buy at close or next open; Initial Stop below EMA144;
No Exit strategy in this study, trader needs to move stop by other rules; such as, uptrend line break;
Back test Weekly and daily chart for SPY, QQQ, TLT, GLD, IWM, XLF, XLK, XOP, GS, IBM, APPL, CAT, LVS
1. When side way move or price From uptrend to Down trend, Entry could be stopped quickly with small loss;
2. When buy in trending move, the position could be hold for few years.
The best sample is QQQ weekly chart.
This is my first tradingview script. I created this script file and tested in one week.
Maybe, this script is too simple, other people published similar code already; Sorry, I didn't Check that yet.
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
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。
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
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。