OPEN-SOURCE SCRIPT
22EMA Retracement Strategy
Algorithm is simple. We need close above the 22 ema and then confirm if it is a valid close as we wait for retracement and then wait for higher high BO with above average volume. Ensure uptrend in multiple higher timeframes.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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