PROTECTED SOURCE SCRIPT
Phoenix EMA System
Phoenix EMA System 🐦🔥
rising after the retest like a phoenix reborn
The Golden Retest System is a trend-following indicator based on the classic 50 EMA / 200 EMA crossover. Unlike the standard “Golden Cross” or “Death Cross,” this tool waits for price to retest the key EMA after a crossover before giving a signal. This reduces false breakouts and provides cleaner entries.
Buy Signal: Triggered when the 50 EMA crosses above the 200 EMA, followed by a retest of the 200 EMA.
Sell Signal: Triggered when the 50 EMA crosses below the 200 EMA, followed by a retest of the 50 EMA.
📖 Instructions
Add the indicator to your chart.
Watch for BUY and SELL labels plotted when conditions are met.
For Buy setups:
Wait for the 50 EMA to cross above the 200 EMA.
Enter long on the retest of the 200 EMA (signaled by the indicator).
For Sell setups:
Wait for the 50 EMA to cross below the 200 EMA.
Enter short on the retest of the 50 EMA (signaled by the indicator).
Use additional filters such as volume, higher timeframe trend, or risk management rules for confirmation.
⏳ Recommended Timeframes
Best performance on 4H, 12H, and Daily charts.
Works for swing and position traders.
Lower timeframes (15m, 1H) can be used but may produce more noise. Confirm with higher timeframe bias.
⚠️ Disclaimer
This indicator is for educational purposes only. It is not financial advice. Always test thoroughly and apply proper risk management before using it in live trading.
rising after the retest like a phoenix reborn
The Golden Retest System is a trend-following indicator based on the classic 50 EMA / 200 EMA crossover. Unlike the standard “Golden Cross” or “Death Cross,” this tool waits for price to retest the key EMA after a crossover before giving a signal. This reduces false breakouts and provides cleaner entries.
Buy Signal: Triggered when the 50 EMA crosses above the 200 EMA, followed by a retest of the 200 EMA.
Sell Signal: Triggered when the 50 EMA crosses below the 200 EMA, followed by a retest of the 50 EMA.
📖 Instructions
Add the indicator to your chart.
Watch for BUY and SELL labels plotted when conditions are met.
For Buy setups:
Wait for the 50 EMA to cross above the 200 EMA.
Enter long on the retest of the 200 EMA (signaled by the indicator).
For Sell setups:
Wait for the 50 EMA to cross below the 200 EMA.
Enter short on the retest of the 50 EMA (signaled by the indicator).
Use additional filters such as volume, higher timeframe trend, or risk management rules for confirmation.
⏳ Recommended Timeframes
Best performance on 4H, 12H, and Daily charts.
Works for swing and position traders.
Lower timeframes (15m, 1H) can be used but may produce more noise. Confirm with higher timeframe bias.
⚠️ Disclaimer
This indicator is for educational purposes only. It is not financial advice. Always test thoroughly and apply proper risk management before using it in live trading.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.