divit250919

DIVIT EMA (5 to 200)

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this indicator includes 5 to 200 days Exponential Moving Averages.
this can be used for buy or sell.
or can be used with other indicators to confirm buy or sell.
good to use with price action and other indicators to confirm.

lower EMA's are shown in Green.
higer EMA's are shown in yellow.
highest EMA is in Red (200 EMA ).

i use 5 min timeframe on chart for intraday in banknifty .
you can use the same or try and validate as per your index, crypto, stock etc.

Buy only when price/candles above 200 EMA (Red Line). 5 min chart.
Sell only when price/candles below 200 EMA (Red Line). 5 min chart.

if lower EMA's (Green) start crossing Higher EMA's (Yellow) from down to up - its uptrend - buy signal.
if lower EMA's (Green) start crossing Higher EMA's (Yellow) from up to down - its downtrend - sell signal.

now when to exit buy/sell call
either 1:1 or 1:2 ratio to exit
or use candlestick pattern to exit for max profit
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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this acct is not paid so i can't upload more than 2 indicators a month.
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Very Interesting indicator. Thank you!! I'm testing it and trying to find points to buy and sell.

Most of the time I do fine (not perfect) to buy, but, made a lot of mistakes to exit/sell. May you explain a little what you mean with:
"now when to exit buy/sell call
either 1:1 or 1:2 ratio to exit
or use candlestick pattern to exit for max profit"

the ratio to exit?
candlestick pattern?
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using this with volume ... for momentum trade ... getting awsome results. thanks you took my trading experience to next level.
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EXCELLENT INDICATOR. THANKS
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Thankyou for the indicator I am keeping 200 EMA as baseline. For buying above it and selling below it. For entry I am following intersection of 10, 20, 30, 50 EMA on 5 min chart. Exit I am doing with candlestick pattern. Thankyou for this indicator. It really works well.
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