EMA + AROON + ASH
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jh".
Credit for each indicator belongs to them, i just modified those to add some extra options, settings, etc, also updated all the code to PineScript 5.
=== THE STRATEGY ===
Default settings are already as TRADE KING requires, so you don't have to change anything.
FOR LONGS (green background shows LONG entries).
- Price must be ABOVE the EMA .
- Bullish Aroon crossover.
- Bullish absolute strength histogram line must be ABOVE the bearish one.
FOR SHORTS (red background shows SHORT entries).
- Price must be BELOW the EMA .
- Bearish Aroon crossover.
- Bearish absolute strength histogram line must be ABOVE the bullish one.
Please check TRADE KING's YouTube channel for more info.
=== GENERAL IMPROVEMENTS ===
Upgrade to PineScript 5.
Some performance improvements.
=== PERSONAL NOTES ===
The author of this strategy recommends 5M charts, however, 4H shows to be the best.
Thanks again to the authors of the indicators that compose this script and to TRADE KING to create this strategy.
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Pine
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