OPEN-SOURCE SCRIPT
MACD + 200 EMA Strategy(Raju Basnet)
this strategy uses MACD and 200 EMA
Strategy Logic:
Buy Signal: The strategy will generate a buy signal when the MACD line crosses above the signal line and the price is above the 200 EMA. This indicates upward momentum in an overall bullish market trend.
Sell Signal: A sell signal will be generated when the MACD line crosses below the signal line and the price is below the 200 EMA. This suggests downward momentum in a bearish market trend.
Visual Indicators:
200 EMA Line: Plotted in blue, it represents the long-term trend and helps filter signals by showing whether the market is in a bullish or bearish state.
Buy and Sell Signals: Plotted as green labels below the bar for buy signals and red labels above the bar for sell signals. Arrows may also appear to clearly mark the signal points.
Strategy Logic:
Buy Signal: The strategy will generate a buy signal when the MACD line crosses above the signal line and the price is above the 200 EMA. This indicates upward momentum in an overall bullish market trend.
Sell Signal: A sell signal will be generated when the MACD line crosses below the signal line and the price is below the 200 EMA. This suggests downward momentum in a bearish market trend.
Visual Indicators:
200 EMA Line: Plotted in blue, it represents the long-term trend and helps filter signals by showing whether the market is in a bullish or bearish state.
Buy and Sell Signals: Plotted as green labels below the bar for buy signals and red labels above the bar for sell signals. Arrows may also appear to clearly mark the signal points.
Skrip open-source
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