Ichimoku-Hausky Trading systemThis is a indicator with some parts of the ichimoku and EMA. It's my first script so i have used other peoples script (Chris Moody and DavidR) as reference cause I really have no idea myself on how to script with pinescript.
Hope that is okay!
I use 20M timeframe but it should work with any timeframe! I have not tested this system much so I would really appreciate feedback and tips for better entries, settings etc..
Tenken-sen: green line
Kijun-sen: blue line
EMA: Purple
Rules:
Buy:
IF price crosses or bounce above Kijun-sen
THEN see if market has closed above EMA
IF Market has closed above EMA
THEN see if EMA is above Kijun-sen
IF EMA is above Kijun-sen
THEN buy and set trailing stop 5 pips below EMA
Sell:
IF price crosses or bounce below Kijun-sen
THEN see if market has closed below EMA
IF Market has closed below EMA
THEN see if EMA is below Kijun-sen
IF EMA is below Kijun-sen
THEN sell and set trailing stop 5 pips above EMA
Ema-crossover
EMA & MA Crossover The Moving Average Crossover trading strategy is possibly the most popular
trading strategy in the world of trading. First of them were written in the
middle of XX century, when commodities trading strategies became popular.
This strategy is a good example of so-called traditional strategies.
Traditional strategies are always long or short. That means they are never
out of the market. The concept of having a strategy that is always long or
short may be scary, particularly in today’s market where you don’t know what
is going to happen as far as risk on any one market. But a lot of traders
believe that the concept is still valid, especially for those of traders who
do their own research or their own discretionary trading.
This version uses crossover of moving average and its exponential moving average.
