TSLA Long Strategy Using BlueWave, Money Flow, and Structural Stops

Summary

This hourly TSLA strategy enters long when a custom BlueWave oscillator and smoothed money flow are both positive and rising, while price remains above the 50-period and 200-period exponential moving averages. The entry condition is designed to align short-term momentum and money flow with a broader upward price trend. Position size is calculated from an equity risk percentage and the distance to a recent low, with a minimum stop distance based on price.

The position exits at a structural stop or when price falls below the 50-period EMA. The document gives indicator settings and implementation logic, but provides no strategy report results or measured performance. It labels the stop as trailing, although the code derives it from the lowest low over a rolling lookback; this may move rather than stay fixed as new bars arrive. The listed script is incomplete at the end, which limits assessment of its remaining display logic.

Key ideas

• Entries require positive and rising BlueWave and money flow readings.
• Price must be above both the 50-period and 200-period EMAs.
• Position size is based on a risk percentage and distance to a recent structural low.
• Exit logic uses the structural stop and a close below the 50-period EMA.
• The document provides no performance results, and its code excerpt is truncated.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.