8ema & 21ema on a 78-minute chart
Trend Following v1 indicator for TradingView (optional)
Identify stocks that tend to move the same direction for one or more weeks at a time.
Find and locate stocks where the 8ema is crossing above ( ) or below ( ) the 21 on a 78-minute chart.
If the 8ema > 21ema, the indicator will show a GREEN shaded area , be OR if the 21ema > 8ema, the indicator will show a RED shaded area, be .
Buy to open with a “Limit buy” order if a green arrowis present at CLOSE of a 78-minute candle or sell to open with a “limit sell” or if a red arrowis present at CLOSE of a 78-minute candle.
Use either stocks or options. allocate the same $$ for each trade, continue in the trend (stay in the trade) until you 1) trend is changing. 2) ready to lock in profits.
The shift from to is the best scenario, consider Long only / short only / long and short.
Set alerts “Trend Reversal” inside the v1 trend following TradingView indicator and ONLY trade your alerts.
Premium indicator has built-in strategy tester.