OPEN-SOURCE SCRIPT
EMA Buy/Sell Alerts with ATR-based TP/SL
Updated
I wanted to fill a void in the Tradingview FREE indicators. I have searched far and wide on a moving average alert with ATR based take profits and stop loss. I have attempted a rudimentary version of what I hope to improve upon in the future. Will try and add different moving average options such as simple, hull, RMA, JMA, SSL, WMA, etc. For now, a basic EMA with 3 TP and a SL based on the current ATR should suffice.
I grow tired of the ATR take profits being hidden behind a paywall. Please use the script and add to your favorite indicators as you please.
Please leave feedback for future development.
I grow tired of the ATR take profits being hidden behind a paywall. Please use the script and add to your favorite indicators as you please.
Please leave feedback for future development.
Release Notes
Updated script to add a second ema for a filterconverted to pinescript 5
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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