Tradingview code for 13 & 34 ema crossover explained by @Singh7575 π Works pretty good on daily TF and even better on weekly TF. With good risk management & a pyramiding strategy, this can turn out to be a really good strategy for short term trading and long term investing 1/3
Code:
//@version=3
strategy("13 & 34 ema crossover", shorttitle="13 & 34 ema crossover",overlay=true) 1/2
ema1=ema(close,13)
ema2=ema(close,34)
Long=crossover(ema1,ema2)
LongExit=crossunder(ema1,ema2)
2/3
strategy.entry("Buy",strategy.long, when = Long == true,stop=high)
strategy.exit("Sell",when = LongExit == true,stop=low) 3/3
plot(ema1, color=black)
plot(ema2, color=red)
One of my followers asked me to code it. But why keep it to one and not share it with the wider communityπ
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- If everyone is talking about it on social media and it has already broken out
- If a stock has moved up already for the last few days
- If a stock is up more than 10% already from breakout zone
- If your SL is deep
2β£ Enter only on breakout & nowhere else if you're trading breakouts...
Buy onlyβ¦
- above breakout zones (no entry in no-man land)
- above a key resistance zone after a stock consolidates
- 1-2% above resistance zone
- Identify entry points(set alerts on TV/set GTT in zerodha)