Pivoted EMA
This is reversed for Short trades: high pivot bellow the EMA, and SL set to EMA + gap.
The EMA gap for SL can be set individually for Short and Long positions. Backtests reveal that short positions need higher EMA SL gap that long positions.
The red lines above/bellow the candles during open trades are SL prices. The lines are invisible and the prices are gray in the list above the chart when not in active Trade. If the SL line is set equal to the EMA price the line appears as purple because they are both semi transparent. (this is the case for long trades in the current settings used in displaying this strategy).
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact ohenrik directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact ohenrik directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.