OPEN-SOURCE SCRIPT
Signals from Pawel
Signals from Pawel is a trend-following indicator that generates buy and sell signals aligned with the prevailing trend, highlighting the principle: "Trend is your friend." Signals are triggered after a trend change is confirmed, using EMA crossovers (100 and 200 periods) as key indicators. When EMAs are widely separated, it indicates stronger trends with higher profit potential. Conversely, as EMAs converge, the trend weakens, increasing the likelihood of smaller gains or stop-loss triggers. For best results, prioritize signals shortly after a trend reversal, when EMA separation is more pronounced.
This indicator is optimized for the 5-minute timeframe on XAU/USD but may also be effective for other currency pairs and timeframes.
This indicator is optimized for the 5-minute timeframe on XAU/USD but may also be effective for other currency pairs and 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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