The strategy revolves around setting up an EMA (Exponential Moving Average) crossover alert on TradingView to identify potential trading opportunities. First, you log into your TradingView account and add EMA indicators to the chart of a financial instrument. By setting the periods of these EMAs to 9, 50, and 100, and customizing their appearance, you can visually track their movements.
Then, create alerts for when the EMA 9 crosses above the EMA 50 and 100, ensuring you define notification preferences and alert expiration. This helps you monitor significant market movements, allowing timely trading decisions. Testing these alerts with historical data ensures functionality and reliability, enabling optimization based on real market trends.
The strategies
⛳️ Strategy 1: Configure EMAs on TradingView
- Log in to your TradingView account
- Open the chart of the desired financial instrument
- Navigate to the 'Indicators & Strategies' tab
- Search and select the 'Moving Average Exponential' indicator
- Add three EMA indicators to the chart
- Set the period of the first EMA to 9
- Set the period of the second EMA to 50
- Set the period of the third EMA to 100
- Adjust the colour and style for each EMA for clear visual distinction
- Save the chart layout for quick access in the future
⛳️ Strategy 2: Create a Crossover Alert on TradingView
- Ensure all three EMAs are visible on the chart
- Open the 'Alerts' tab on TradingView
- Select 'Add Alert' and choose EMA 9 as the first condition
- Choose the 'Crossing' option
- Set EMA 50 as the second condition for crossover
- Add another alert for EMA 9 crossing EMA 100
- Define alert notifications (pop-up, email, SMS) per your preference
- Name the alerts clearly for easy identification
- Set the alert expiration date based on your trading timeline
- Create the alert and activate it
⛳️ Strategy 3: Test and Monitor the Alerts
- Simulate market conditions with historical data to test alerts
- Verify the correct functionality of alerts through visual and audible signals
- Adjust alert settings if signals are not appearing as expected
- Monitor the chart regularly for the first few days to ensure reliability
- Take notes on market conditions when alerts trigger
- Modify action plan based on market behavior observed post-alert
- Review historical performance of signals to evaluate effectiveness
- Check alert logs for missed notifications due to technical issues
- Communicate with TradingView support for unresolved alert issues
- Share feedback or improvement suggestions with the TradingView community
Bringing accountability to your strategy
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your strategy.
