OPEN-SOURCE SCRIPT
MA Crossover Strategy with MA Turning Point Exits + ADX filter
This strategy is based upon rthomson's MA Crossover Strategy with MA Turning Point Exits.
I just added an ability to filter out entries when ADX < 20. In fact you have a choice to set this ADX threshold value.
In a sideways market, the MA crossovers end up in yielding entry trades with losses. ADX value around 20 to 25 indicates a sideway market. By introducing ADX threshold, we are trying to prevent potential loss making entries.
I just added an ability to filter out entries when ADX < 20. In fact you have a choice to set this ADX threshold value.
In a sideways market, the MA crossovers end up in yielding entry trades with losses. ADX value around 20 to 25 indicates a sideway market. By introducing ADX threshold, we are trying to prevent potential loss making entries.
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