Ema System Ajeet v1.0

This is a 5 min, Trend following system
using two Ema's: 20 and 50
Probability of hitting the target is high when both Ema's are:
Rising and almost parallel, for Buying
Falling and almost parallel, for Selling
This will decrease the number of entries but probability of hitting the target is 88%
(Tested on 8 months data for FnO scrips cash on 5 mins data)
Target fixed at 1% or you can trail
SL fixed at 1% or you can take close above Ema20 as stop for buying and vice versa
I tested it on FnO stocks Nseindia with 5 mins chart, you are free to explore
-Ajeet Singh
Release Notes: Some good signals were skipping in ver 1.0
(pointed by my friends)
so now made little more robust
Release Notes: changed colors (v 1.1)
Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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Nice ,, Let's see, stay optimistic
God bless you sir
congratulations i will try the indicator
Just an idea which signals to take:
grt sir ji
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