This script works with two 50 exponential moving averages and a 20 exponential moving average
. The 50 ema
high and low work like a channel in combination with the 20 ema
to idenifty a trend in the 15 min chart. Once the trend is identified the script waits until the stochastic
crosses over 20 (oversold) in a uptrend to buy and 80 (overbought) to short. It is a pretty simple system that on average gives you a 65% accuracy.