OPEN-SOURCE SCRIPT
Amit Eth Strategy
MACD + EMA18 Signal Strategy
This strategy combines momentum and trend-following concepts using MACD, EMA, and SMA for clean directional trading signals.
Strategy Logic
BUY Setup
A BUY signal is generated when:
MACD Line crosses above the Signal Line
Price closes above the 18 EMA
SELL Setup
A SELL signal is generated when:
MACD Line crosses below the Signal Line
Price closes below the 18 EMA
Exit Rules
For BUY Trades
Position exits when:
Price closes below SMA 10 Low
OR
MACD gives bearish crossover
For SELL Trades
Position exits when:
Price closes above SMA 10 High
OR
MACD gives bullish crossover
Features
Trend confirmation using EMA 18
Momentum confirmation using MACD crossover
Dynamic stop-loss using SMA 10
One trade at a time logic
Clean BUY & SELL signals only
Works well in trending markets
Best Timeframes
5 Min
15 Min
30 Min
1 Hour
Best Suitable For
Intraday Trading
Swing Trading
Index Trading
Stocks
Futures & Options Directional Trading
Risk Management
Always use proper position sizing and avoid overleveraging. This strategy performs best in trending markets and may produce false signals during sideways conditions.
Backtest before using in live markets.
This strategy combines momentum and trend-following concepts using MACD, EMA, and SMA for clean directional trading signals.
Strategy Logic
BUY Setup
A BUY signal is generated when:
MACD Line crosses above the Signal Line
Price closes above the 18 EMA
SELL Setup
A SELL signal is generated when:
MACD Line crosses below the Signal Line
Price closes below the 18 EMA
Exit Rules
For BUY Trades
Position exits when:
Price closes below SMA 10 Low
OR
MACD gives bearish crossover
For SELL Trades
Position exits when:
Price closes above SMA 10 High
OR
MACD gives bullish crossover
Features
Trend confirmation using EMA 18
Momentum confirmation using MACD crossover
Dynamic stop-loss using SMA 10
One trade at a time logic
Clean BUY & SELL signals only
Works well in trending markets
Best Timeframes
5 Min
15 Min
30 Min
1 Hour
Best Suitable For
Intraday Trading
Swing Trading
Index Trading
Stocks
Futures & Options Directional Trading
Risk Management
Always use proper position sizing and avoid overleveraging. This strategy performs best in trending markets and may produce false signals during sideways conditions.
Backtest before using in live markets.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.