I was reading some Impulse Trading literature by A. Elder.. In it, someone named Kerry Lovvorn proposed "An End of Day Trend Following System" for someone lazy.
Originally it is just price closing above an 8 ema (low) for long. Exit when price closes below an 8 ema (low). The opposite for a short position.
Conditions: Buy when price closed below...
This was originally derived from "MA Cross" indicator, though that one uses 9-21.
Simple 10day and 20day MA crossover indicator
* 10MA crosses from the bottom, goes up and above 20MA—we're bullish, look to long bullish signal candle
* 10MA crosses from the top, goes down and below 20MA—we're bearish, look to short bearish signal candle
Works well w/ Heikin Ashi candles
This version adds HMA and VWMA, allowing you to backtest different crossover strategies for any combination, with the exits on the turning point of the faster MA. Due to order limitations this will only work on higher timeframes for some combinations, or on more recent exchanges with less history. You can edit the code though to add the timestamp to a recent date.
Simple but much needed visual improvements to the default MACD script. First, every time the MACD and signal cross, a white cross is placed on he chart, which lets you quickly identify the crosses. Second, whenever the histogram goes from increasing to decreasing or from increasing to decreasing, a color change occurs. Colors can be customized under "Style" tab...