Renko TEMA–SMA Crossovers with an SMMA Trend Filter
Summary
This strategy uses Renko bars to generate long entries from a short TEMA crossing above an SMA calculated on the TEMA. It closes positions when the TEMA crosses below that SMA. A long-term SMMA filter permits entries only when the TEMA is below the SMMA, according to the supplied source logic.
Optional protections restrict additional buys to prices at or below the current average position price and allow exits only after a specified gain. The document describes the approach as a way to reduce chart noise and follow trends, but reports no performance results. It also notes that Renko bars have uneven time intervals and that sensitive crossover signals and parameter choices can cause false or missed trades. The published backtest settings specify BTC/USDT futures over a period from January 2023 to January 2024; they do not establish strategy profitability or robustness.
Key ideas
- Long entries follow an upward cross of the short TEMA over an SMA calculated from the TEMA series.
- A downward cross closes positions, subject to the optional gain protection.
- The source requires the TEMA to be below the long-term SMMA for a long entry.
- Average-price protection can restrict buys to prices no higher than the current position average.
- Renko bars have uneven time intervals, and the document supplies no backtest results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.