Moving Average Cross Strategy for TradingView
Strategy Premise
This is a simple Moving Average crossover strategy. If the fast MA crosses above the slow MA, buy and in case the fast MA crosses below the slow MA, sell.
Strategy Logic
Long Entry: When MA fast > MA slow, send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit, and MA fast < MA slow, send LX and SE
Short Entry: When MA fast < MA slow, send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit, When MA fast > MA slow, send SX and LE
MA Cross Parameters for TradingView Charts
Moving Average Type: Choose whether to use EMA, SMA, WMA, Linear, RMA, VWMA
MA Source: Source for the moving average
Fast MA: Length of fast MA to calculate
Slow MA: Length of slow MA to calculate
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
TradingView Settings
Step 1: Download the PineScript Algo
Step 2: Open desired chart in TradingView with normal candlestick. Select desired timeframe of the chart.
Go to the Pine Editor section, remove the default code, paste the downloaded code, save the file and add to chart.
Step 3: Once Strategy is applied to the chart, click on settings to optimize parameters for your own trading
Step 4: Setting Up Alert
Before setting up an alert make sure that You have selected the desired script, timeframe, strategy settings, API bridge is configured and running. Click in settings add alert and paste {{strategy.order.comment}} in the message box.
Important: Do not change any settings during live trading.
NOTE: The pine script works both with webhook alerts (TV Pro plan) and normal popup alerts (TV free plan).
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