OPEN-SOURCE SCRIPT
Customizable EMA Strategy
This strategy gives the best results when there is a trend. It can be used in all timeframes, but especially in the 1-minute and 5-minute timeframes when the market is trending, make sure to use it during the London or New York sessions. Whenever the price breaks the 200 Moving Average for the first time and moves away from it, on the retracement when it hits the 50 Moving Average up to 2 times, if a signal is generated, you can take the trade. The same applies for the 100 Moving Average. Don’t forget, do not use it in ranging markets.
https://www.tradingview.com/x/OCvELNje/
https://www.tradingview.com/x/OCvELNje/
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.