OPEN-SOURCE SCRIPT

Schaff Trend Cycle + Double MA

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This strategy uses two different moving averages to determine a trend. It opens a position on a pullback from a trend.

Conditions for buy signal are:
►Crossover out of Shaff Trend Cycle's extreme levels
►The price is above its short period exponential moving average.
►A short period exponential moving average is above a long period exponential moving average.

*Conditions for sell are the opposite.

All in all, I don't think it needs to be on your chart but it can be optimized and even successful on some timeframes.

Shaff Trend Cycle solution was provided by everget, I converted his script to Pine v.4, added exponential averages and created an algorithm for backtesting.

כתב ויתור

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