OPEN-SOURCE SCRIPT
Moving Average Gradient
The 'Moving Average Gradient' (MAG) is basically a measure of the gradient of a moving average.
Firstly a moving average (SMA or EMA) is overlayed onto the chart.
Then the gradient of this moving average is calculated and plotted below.
An optional smoothing average is also applied to the gradient.
This MAG is my own invention and is entirely new, as far as I know.
I've found it to be useful for divergences.
It can also be quite similar to the Stochastic, and works well taking a BUY signal when the gradient crosses over its moving average, and SELL when it crosses under.
In fact I backtested both this MAG, and the Stochastic as a comparison, within a strategy using the above signals, and the MAG delivered better results.
The strategy on BTCUSD 15 minute also included:
* 4hr MACD Signal change > 0.0034 %
* 4hr MACD Signal value < 0.5 %
...for BUY, with the opposite for SELL.
And if you think that strategy involved writing Pine Script code, then you're probably not familiar with my suite of strategy tools published on here.
I was able to very quickly and easily create and backtest that strategy without writing any code at all, using just:
* MAG or Stochastic
* MACD
* Simple BUY/SELL Indicator - to create the strategy rules using the above indicators (or I could've used my Custom BUY/SELL Indicator)
* Simple Pyramid Strategy - to run the backtesting strategy (or I could've used my Complex Single Trade Strategy)
Firstly a moving average (SMA or EMA) is overlayed onto the chart.
Then the gradient of this moving average is calculated and plotted below.
An optional smoothing average is also applied to the gradient.
This MAG is my own invention and is entirely new, as far as I know.
I've found it to be useful for divergences.
It can also be quite similar to the Stochastic, and works well taking a BUY signal when the gradient crosses over its moving average, and SELL when it crosses under.
In fact I backtested both this MAG, and the Stochastic as a comparison, within a strategy using the above signals, and the MAG delivered better results.
The strategy on BTCUSD 15 minute also included:
* 4hr MACD Signal change > 0.0034 %
* 4hr MACD Signal value < 0.5 %
...for BUY, with the opposite for SELL.
And if you think that strategy involved writing Pine Script code, then you're probably not familiar with my suite of strategy tools published on here.
I was able to very quickly and easily create and backtest that strategy without writing any code at all, using just:
* MAG or Stochastic
* MACD
* Simple BUY/SELL Indicator - to create the strategy rules using the above indicators (or I could've used my Custom BUY/SELL Indicator)
* Simple Pyramid Strategy - to run the backtesting strategy (or I could've used my Complex Single Trade Strategy)
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。