SMA based pinescript strategy with alerts
Budget: ₹600 – ₹1,800 INR
The entry signal has 3 conditions that need to be met.
The exit signal has 2 conditions that have to be met.
It is all simple, only using SMA and candlesticks.
Entry:
Price is under 15 SMA. THEN >
4 new candlesticks/bars close above SMA 15
&&
SMA 15 < 100 SMA
(buy signal at the 5th bar after 4 bars meets the condition)
EXIT:
Price close (1bar) under SMA 43
&&
SMA 43 above SMA 100
The exit signal has 2 conditions that have to be met.
It is all simple, only using SMA and candlesticks.
Entry:
Price is under 15 SMA. THEN >
4 new candlesticks/bars close above SMA 15
&&
SMA 15 < 100 SMA
(buy signal at the 5th bar after 4 bars meets the condition)
EXIT:
Price close (1bar) under SMA 43
&&
SMA 43 above SMA 100