TrianglePoint strategyThis is trend following strategy ... when price is trading well above 200 ema and forms a triangle (based on number of bars defined)
BUY
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when fast ema > 200 ema
check for triangle of last N bars (default set to 9)
EXIT
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when fast ema crosses down middle term ema
if price reaches above 5% of buy , it changes the color to purple. You can close any time or wait for above signal.
STOP LOSS
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stop loss default value set to 5%
Note: No triangle shown on the chart. I will find out how to add the lines to the chart.
Warning
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For the use of educational purposes only