The indicator is based on crossing EMAs. It provides buy and sell signals. You can also set your own TP and SL depending on your requirements. Tested with high leverage on XAU/USD, using TP settings for a $2 increase and SL at $2, it generates decent profits when the filter in the settings is enabled, which reduces false signals.
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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.