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Open Close Cross Alerts

FREE

Published: 31 May 2023

Current version: 2.0

Open Close Cross Alerts

Indicators
Francis Soddo Wetaka
Francis Soddo Wetaka
Software Developer/Engineer at Remote

Uganda

15020
4.5 (6)
8 products 1 topic
Version: 2.0

This trading strategy is built around Open-Close Crossovers, a method of analyzing price movement based on the relationship between a bar's open and close prices. The system is designed to identify potential entry and exit points when these values cross over each other.

Setup and Customization

The strategy's performance can be customized by adjusting the resolution. A higher resolution, typically 3-4 times that of the chart, may be used to identify crossover signals earlier. However, this can also increase the frequency of signals, and careful testing is recommended.

The strategy allows you to choose between using raw open and close price data or incorporating a variety of Moving Average (MA) types for filtering signals. An optional trailing stop-loss feature is available for risk management.

Important Notes

Risk Management: Positions are entered automatically based on the crossover logic. When using the trailing stop-loss, it is critical to carefully backtest different values. Tighter settings may help mitigate potential losses but could also limit potential gains, while looser settings may increase drawdown.
Disclaimer: This strategy is a tool for technical analysis and does not guarantee profitable outcomes. All trading involves risk, and past performance is not indicative of future results. It is essential to conduct thorough backtesting and use proper risk management before and during live trading.

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794

Irusel 2025.05.08 15:09 #

очень хорошо

345

merky16 2025.11.19 09:34 #

Buena idea para scalping

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44189 2026.01.03 11:47 #

Thanks for the indicator, unfortunately SMMA is not working and does not reflect on the chart.

345

merky16 2025.11.19 09:34 #

Buena idea para scalping

794

Irusel 2025.05.08 15:09 #

очень хорошо

2900

Findolin 2023.07.15 10:49 #

User didn't leave any comment to the rating

Open Close Cross Alerts

Francis Soddo Wetaka

Setup and Customization

Important Notes