OPEN-SOURCE SCRIPT
Updated BB Breakout + EMA Touch (50/100)
Shows points only when BOTH happen on the same candle:
1️⃣ Price breaks through Bollinger Bands
2️⃣ Price touches (or crosses) EMA 50 or EMA 100
1️⃣ Price breaks through Bollinger Bands
2️⃣ Price touches (or crosses) EMA 50 or EMA 100
Release Notes
Up Trend (Green Spot)✔ Price first closes above upper BB
✔ Then later touches EMA100
✔ And EMA100 must be ABOVE the upper BB at the moment of the breakout
Down Trend (Red Spot)
✔ Price first closes below lower BB
✔ Then later touches EMA100
✔ And EMA100 must be BELOW the lower BB at the moment of the breakout
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.