OPEN-SOURCE SCRIPT
BTC 4H Momentum - Long Only [Ensar]
A momentum-based trend-following strategy for BTC on the 4H timeframe.
Generates long signals when 4 conditions align simultaneously:
→ Price above 200 EMA (bull market filter)
→ 200 EMA pointing upward (trend direction confirmed)
→ ROC above threshold (momentum present)
→ ADX above 20 (trend is strong, not ranging)
No signals are taken when the market is bearish or ranging. Entry on signal candle close, stop at swing low, target at 3R.
All parameters are fully adjustable via the settings panel.
Generates long signals when 4 conditions align simultaneously:
→ Price above 200 EMA (bull market filter)
→ 200 EMA pointing upward (trend direction confirmed)
→ ROC above threshold (momentum present)
→ ADX above 20 (trend is strong, not ranging)
No signals are taken when the market is bearish or ranging. Entry on signal candle close, stop at swing low, target at 3R.
All parameters are fully adjustable via the settings panel.
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.