Trend Following MOMO

2020년 10월 23일

Ingredients
Daily chart
8ema & 21ema on a 78-minute chart
Trend Following v1 indicator for TradingView (optional)

Steps
Identify stocks that tend to move the same direction for one or more weeks at a time.
Find and locate stocks where the 8ema is crossing above (bullish) or below (bearish) the 21 ema on a 78-minute chart.
If the 8ema > 21ema, the indicator will show a GREEN shaded area , be bullish OR if the 21ema > 8ema, the indicator will show a RED shaded area, be bearish.
Buy to open with a “Limit buy” order if a green arrowis present at CLOSE of a 78-minute candle or sell to open with a “limit sell” or if a red arrowis present at CLOSE of a 78-minute candle.
Use either stocks or options. allocate the same $$ for each trade, continue in the trend (stay in the trade) until you 1) trend is changing. 2) ready to lock in profits.

Optional
The shift from bearish to bullish is the best scenario, consider Long only / short only / long and short.
Set alerts “Trend Reversal” inside the v1 trend following TradingView indicator and ONLY trade your alerts.
Premium indicator has built-in strategy tester.

2021년 5월 26일

릴리즈 노트

Updated a few lines to allow 3rd party algos utilize the tv webhooks easier.

2021년 12월 30일

릴리즈 노트

*fixed the issue with alerts warning about "repainting"
*simplified the messaging

2022년 2월 13일

릴리즈 노트

UPDATE to fix the repainting warning that occurs intermittently