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Moving Averages

Smart Money Footprint & MM Pattern Detector📊 Smart Money Footprint & MM Pattern Detector by @darshakssc is a technical analysis tool designed to help traders visually identify potential high-volume activity, key swing points, and possible Market Maker (MM) patterns on their charts. This script is not a buy/sell signal generator. Instead, it offers a visual framework to better understand market behavior, so traders can make their own well-informed decisions. 🔍 Key Features ✔️ Volume Analysis — Detects high-volume conditions relative to a moving average threshold. ✔️ Swing Point Detection — Highlights potential swing highs and swing lows for structure analysis. ✔️ Market Maker Pattern Detection — Identifies possible bullish or bearish MM footprints based on price action and volume behavior. ✔️ Customizable Dashboard — Clean, visual dashboard showing volume status, swing state, and pattern status at a glance. ✔️ Dark & Light Mode — Easily switch between a dark or light theme for better chart visibility. ✔️ Alerts — Optional alerts when swing points or MM patterns are detected. 🎯 How to Use ✔️ Add the indicator to your chart. ✔️ Adjust the Volume MA and Threshold to match your preferred market and timeframe. ✔️ Use the dashboard as a quick-reference visual guide. ✔️ Combine with your own strategy, risk management, and other forms of analysis. ⚠️ Disclaimer This tool is provided for educational and informational purposes only. It does not constitute financial advice or a trading recommendation. Trading involves risk, and past performance does not guarantee future results. Always perform your own due diligence and use appropriate risk management.
Pine Script® indicator
by darshakssc
Power Metcalfe's + Fibonacci Channel## Metcalfe's Law + Fibonacci Channel - Optimized Bitcoin Valuation Model This indicator presents an enhanced variation of the classic Bitcoin Metcalfe's Law model, combining logarithmic regression analysis with Fibonacci retracement levels to create a comprehensive valuation framework. **Key Features:** - **Optimized Metcalfe's Law calculation** using historical cycle data (2013-2022) for improved accuracy - **Fibonacci channel overlay** with key levels: 0.382, 0.618, 1.272, 1.618, 2.000, 2.618, 3.000 - **Dynamic trading zones** with visual buy/sell signals based on price position relative to the channel - **Real-time targets** displaying current Fibonacci projections and fair value estimates **What makes it different:** Unlike standard Metcalfe's Law implementations, this version integrates logarithmic growth principles and uses a refined dataset that accounts for Bitcoin's maturation cycles. The Fibonacci overlay provides clearer entry/exit points while maintaining the long-term growth trajectory based on network adoption. **Best suited for:** Long-term Bitcoin holders and macro traders looking for mathematical support/resistance levels based on network adoption dynamics and scarcity. The model automatically updates calculations and provides a comprehensive information table showing current formula parameters and key price targets.
Pine Script® indicator
by didaz
Mayfair Reversal Change✅ Mayfair Reversal Change — By EastWave Capital Description: The Mayfair Reversal Change indicator is a tool designed to help traders identify potential market turning points using Stochastic Oscillator behavior and filtered price action logic. It acts as a reversal signal filter and is particularly effective when the market is overextended (overbought/oversold) and about to revert from exhaustion zones. 🔍 How It Works: This script monitors the Stochastic %K and %D crossovers and adds a custom logic layer to filter only high-quality reversal points: Stochastic Filter Conditions: Uses smoothed stochastic settings: %K smoothing = 3 %D smoothing = 3 Only shows signals after %K crosses back below 80 (for Sell) or above 20 (for Buy) This prevents signals from appearing too early during an active overbought or oversold phase. Directional Confirmation Logic: Bullish signal is printed only when %K re-enters below 20 after a confirmed stochastic crossover. Bearish signal appears only when %K re-enters above 80. This reduces false signals that occur during continued trending moves. Toggle Switch: A user-toggle input is included to enable or disable the reversal filter logic. This gives flexibility for traders who want to test signals with or without the stochastic condition. 📈 How to Use: Timeframes: Recommended for 5M, 15M, and 30M Markets: Compatible with any market — FX, Gold, Indices, Crypto Entry Approach: Wait for signal after price has reached a potential extreme area. Confirm with chart structure, support/resistance, or SMC zone. Enter on confirmation, placing stop loss beyond the swing high/low. Combine with trendline breaks or price imbalances (FVG) for extra confluence. Can be used in combination with the Mayfair FX Scalper script for dual-layer confirmation. ⚠️ Important Notes: Signals are visual only and should be confirmed with proper strategy. This indicator does not execute or manage trades automatically. Designed to assist with reversal setups but should not be used in isolation. Always manage risk, use SL/TP, and avoid over-leveraging.
Pine Script® indicator
by EWC_Forex
D2E (Distance to EMA)D2E (Distance to EMA) measures how far price is from its daily Exponential Moving Average (EMA), both as a percentage and in dollar terms. It helps traders quickly assess how extended price is from its mean, making it useful for spotting overbought/oversold conditions, pullback opportunities, or trend exhaustion. The indicator optionally plots threshold zones as bands on the chart: yellow lines mark a standard deviation based on a user-defined % distance, while red lines flag more extreme moves. When price crosses these thresholds, it may suggest potential reversals or continuation depending on context. A compact on-chart table shows the current EMA, % deviation, and dollar difference from price. Text color changes based on how far price has moved—green (normal), yellow (near threshold), or red (beyond extreme). Customizable settings include: • EMA Length (default 20) • Threshold % and Extreme Threshold % • Table Position (top/bottom left/right) • Table Font Size (Tiny to Huge) Threshold lines are hidden by default but can be toggled on via the Style tab, where you can also adjust their color and thickness. Built-in alert conditions are included for when price crosses above or below either threshold level.
Pine Script® indicator
by James_Long
RSI de Loquy H4 (HMA + ALMA + Régression)📌 Indicator Name: RSI de Loquy H4 (HMA + ALMA + Regression) 🧠 Description: This custom indicator is designed for H4 (4-hour) timeframes and combines advanced smoothing techniques to refine RSI analysis: ✅ HMA (Hull Moving Average) is applied to the price before computing the RSI. This helps reduce noise and respond faster to price action compared to traditional moving averages. ✅ The resulting RSI is recalibrated to a symmetrical range from -100 to +100, making trend bias more visually intuitive. ✅ A second smoothing using ALMA (Arnaud Legoux Moving Average) is applied to the recalibrated RSI for enhanced signal clarity. ✅ A linear regression line is plotted on the recalibrated RSI to help detect directional momentum and trend shifts. 📈 Visual Features: Cyan line: RSI mapped from -100 to +100 Orange line: ALMA smoothed RSI White line: Linear regression of RSI Reference zones: +70: Potential oversold (buy watch) 0: Neutral line –70: Potential overbought (sell watch) ⚙️ Optimized for H4 timeframe, but adaptable for other timeframes with parameter tuning.
Pine Script® indicator
by maxime15
SR-PrecisionZoneSR-PrecisionZone — Dynamic Support & Resistance Mapping SR-PrecisionZone is a precision-engineered support and resistance zone indicator designed for traders who value structure, accuracy, and real-time adaptability. It intelligently detects clusters of pivot points to highlight price levels that have historically acted as strong support or resistance — and projects these zones into the current market with customizable sensitivity. - Key Features Dynamic Zone Construction Automatically detects key support and resistance zones based on pivot clustering logic, with customizable width and minimum strength thresholds. Strength-Weighted Transparency Zone opacity reflects the number of pivot hits — the more respected the level, the more visible the zone becomes. This allows traders to instantly gauge the strength of each zone at a glance. Real-Time Zone Development Zones appear live as pivot criteria are met; no lag or historical-only rendering. Breakout & Breakdown Detection Automatic breakout/breakdown tags highlight when price leaves a zone, helping spot continuation or reversal setups. Multi-Timeframe Adaptive Works effectively on intraday, swing, and macro timeframes with a tunable lookback window. Clean Visual Hierarchy Support and resistance zones extend 10 bars beyond the current candle, with MA overlays plotted above zones for clear visibility. - Inputs & Settings Source: Choose between High/Low or Close/Open pivots Maximum Channel Width (%): Controls how far apart pivots can be to qualify as a zone Minimum Strength: Sets how many pivot hits are required for a zone to appear Lookback Period: Adjusts how far back the script evaluates pivot clusters Customizable Colors: Separate colors for support, resistance, and mid-zone overlap Breakout Tags: Optional visual markers for when price breaks out of a zone MA Overlays: Two optional moving averages (SMA/EMA) to provide additional context - Ideal Use Cases Identifying high-probability support/resistance levels Spotting breakout or fakeout setups Enhancing confluence in technical strategies Filtering entries/exits based on structural zones
Pine Script® indicator
by Simple_Investment_Strategies
Hann Window FIR Filter Ribbon [BigBeluga]🔵 OVERVIEW The Hann Window FIR Filter Ribbon is a trend-following visualization tool based on a family of FIR filters using the Hann window function. It plots a smooth and dynamic ribbon formed by six Hann filters of progressively increasing length. Gradient coloring and filled bands reveal trend direction and compression/expansion behavior. When short-term trend shifts occur (via filter crossover), it automatically anchors visual support/resistance zones at the nearest swing highs or lows. 🔵 CONCEPTS Hann FIR Filter: A finite impulse response filter that uses a Hann (cosine-based) window for weighting past price values, resulting in a non-lag, ultra-smooth output. hannFilter(length)=> var float hann = na // Final filter output float filt = 0 float coef = 0 for i = 1 to length weight = 1 - math.cos(2 * math.pi * i / (length + 1)) filt += price * weight coef += weight hann := coef != 0 ? filt / coef : na Ribbon Stack: The indicator plots 6 Hann FIR filters with increasing lengths, creating a smooth "ribbon" that adapts to price shifts and visually encodes volatility. Gradient Coloring: Line colors and fill opacity between layers are dynamically adjusted based on the distance between the filters, showing momentum expansion or contraction. Dynamic Swing Zones: When the shortest filter crosses its nearest neighbor, a swing high/low is located, and a triangle-style level is anchored and projected to the right. Self-Extending Levels: These dynamic levels persist and extend until invalidated or replaced by a new opposite trend break. 🔵 FEATURES Plots 6 Hann FIR filters with increasing lengths (controlled by Ribbon Size input). Automatically colors each filter and the fill between them with smooth gradient transitions. Detects trend shifts via filter crossover and anchors visual resistance (red) or support (green) zones. Support/resistance zones are triangle-style bands built around recent swing highs/lows. Levels auto-extend right and adapt in real time until invalidated by price action. Ribbon responds smoothly to price and shows contraction or expansion behavior clearly. No lag in crossover detection thanks to FIR architecture. Adjustable sensitivity via Length and Ribbon Size inputs. 🔵 HOW TO USE Use the ribbon gradient as a visual trend strength and smooth direction cue. Watch for crossover of shortest filters as early trend change signals. Monitor support/resistance zones as potential high-probability reaction points. Combine with other tools like momentum or volume to confirm trend breaks. Adjust ribbon thickness and length to suit your trading timeframe and volatility preference. 🔵 CONCLUSION Hann Window FIR Filter Ribbon blends digital signal processing with trading logic to deliver a visually refined, non-lagging trend tool. The adaptive ribbon offers insight into momentum compression and release, while swing-based levels give structure to potential reversals. Ideal for traders who seek smooth trend detection with intelligent, auto-adaptive zone plotting.
Pine Script® indicator
by BigBeluga
2
Time-Decaying Percentile Oscillator [BackQuant]Time-Decaying Percentile Oscillator 1. Big-picture idea Traditional percentile or stochastic oscillators treat every bar in the look-back window as equally important. That is fine when markets are slow, but if volatility regime changes quickly yesterday’s print should matter more than last month’s. The Time-Decaying Percentile Oscillator attempts to fix that blind spot by assigning an adjustable weight to every past price before it is ranked. The result is a percentile score that “breathes” with market tempo much faster to flag new extremes yet still smooth enough to ignore random noise. 2. What the script actually does Build a weight curve • You pick a look-back length (default 28 bars). • You decide whether weights fall Linearly , Exponentially , by Power-law or Logarithmically . • A decay factor (lower = faster fade) shapes how quickly the oldest price loses influence. • The array is normalised so all weights still sum to 1. Rank prices by weighted mass • Every close in the window is paired with its weight. • The pairs are sorted from low to high. • The cumulative weight is walked until it equals your chosen percentile level (default 50 = median). • That price becomes the Time-Decayed Percentile . Find dispersion with robust statistics • Instead of a fragile standard deviation the script measures weighted Median-Absolute-Deviation about the new percentile. • You multiply that deviation by the Deviation Multiplier slider (default 1.0) to get a non-parametric volatility band. Build an adaptive channel • Upper band = percentile + (multiplier × deviation) • Lower band = percentile – (multiplier × deviation) Normalise into a 0-100 oscillator • The current close is mapped inside that band: 0 = lower band, 50 = centre, 100 = upper band. • If the channel squeezes, tiny moves still travel the full scale; if volatility explodes, it automatically widens. Optional smoothing • A second-stage moving average (EMA, SMA, DEMA, TEMA, etc.) tames the jitter. • Length 22 EMA by default—change it to tune reaction speed. Threshold logic • Upper Threshold 70 and Lower Threshold 30 separate standard overbought/oversold states. • Extreme bands 85 and 15 paint background heat when aggressive fade or breakout trades might trigger. Divergence engine • Looks back twenty bars. • Flags Bullish divergence when price makes a lower low but oscillator refuses to confirm (value < 40). • Flags Bearish divergence when price prints a higher high but oscillator stalls (value > 60). 3. Component walk-through • Source – Any price series. Close by default, switch to typical price or custom OHLC4 for futures spreads. • Look-back Period – How many bars to rank. Short = faster, long = slower. • Base Percentile Level – 50 shows relative position around the median; set to 25 / 75 for quartile tracking or 90 / 10 for extreme tails. • Deviation Multiplier – Higher values widen the dynamic channel, lowering whipsaw but delaying signals. • Decay Settings – Type decides the curve shape. Exponential (default 1.16) mimics EMA logic. – Factor < 1 shrinks influence faster; > 1 spreads influence flatter. – Toggle Enable Time Decay off to compare with classic equal-weight stochastic. • Smoothing Block – Choose one of seven MA flavours plus length. • Thresholds – Overbought / Oversold / Extreme levels. Push them out when working on very mean-reverting assets like FX; pull them in for trend monsters like crypto. • Display toggles – Show or hide threshold lines, extreme filler zones, bar colouring, divergence labels. • Colours – Bullish green, bearish red, neutral grey. Every gradient step is automatically blended to generate a heat map across the 0-100 range. 4. How to read the chart • Oscillator creeping above 70 = market auctioning near the top of its adaptive range. • Fast poke above 85 with no follow-through = exhaustion fade candidate. • Slow grind that lives above 70 for many bars = valid bullish trend, not a fade. • Cross back through 50 shows balance has shifted; treat it like a micro trend change. • Divergence arrows add extra confidence when you already see two-bar reversal candles at range extremes. • Background shading (semi-transparent red / green) warns of extreme states and throttles your position size. 5. Practical trading playbook Mean-reversion scalps  1. Wait for oscillator to reach your desired OB/ OS levels  2. Check the slope of the smoothing MA—if it is flattening the squeeze is mature.  3. Look for a one- or two-bar reversal pattern.  4. Enter against the move; first target = midline 50, second target = opposite threshold.  5. Stop loss just beyond the extreme band. Trend continuation pullbacks  1. Identify a clean directional trend on the price chart.  2. During the trend, TDP will oscillate between midline and extreme of that side.  3. Buy dips when oscillator hits OS levels, and the same for OB levels & shorting  4. Exit when oscillator re-tags the same-side extreme or prints divergence. Volatility regime filter  • Use the Enable Time Decay switch as a regime test.  • If equal-weight oscillator and decayed oscillator diverge widely, market is entering a new volatility regime—tighten stops and trade smaller. Divergence confirmation for other indicators  • Pair TDP divergence arrows with MACD histogram or RSI to filter false positives.  • The weighted nature means TDP often spots divergence a bar or two earlier than standard RSI. Swing breakout strategy  1. During consolidation, band width compresses and oscillator oscillates around 50.  2. Watch for sudden expansion where oscillator blasts through extreme bands and stays pinned.  3. Enter with momentum in breakout direction; trail stop behind upper or lower band as it re-expands. 6. Customising decay mathematics Linear – Each older bar loses the same fixed amount of influence. Intuitive and stable; good for slow swing charts. Exponential – Influence halves every “decay factor” steps. Mirrors EMA thinking and is fastest to react. Power-law – Mid-history bars keep more authority than exponential but oldest data still fades. Handy for commodities where seasonality matters. Logarithmic – The gentlest curve; weight drops sharply at first then levels off. Mimics how traders remember dramatic moves for weeks but forget ordinary noise quickly. Turn decay off to verify the tool’s added value; most users never switch back. 7. Alert catalogue • TD Overbought / TD Oversold – Cross of regular thresholds. • TD Extreme OB / OS – Breach of danger zones. • TD Bullish / Bearish Divergence – High-probability reversal watch. • TD Midline Cross – Momentum shift that often precedes a window where trend-following systems perform. 8. Visual hygiene tips • If you already plot price on a dark background pick Bullish Color and Bearish Color default; change to pastel tones for light themes. • Hide threshold lines after you memorise the zones to declutter scalping layouts. • Overlay mode set to false so the oscillator lives in its own panel; keep height about 30 % of screen for best resolution. 9. Final notes Time-Decaying Percentile Oscillator marries robust statistical ranking, adaptive dispersion and decay-aware weighting into a simple oscillator. It respects both recent order-flow shocks and historical context, offers granular control over responsiveness and ships with divergence and alert plumbing out of the box. Bolt it onto your price action framework, trend-following system or volatility mean-reversion playbook and see how much sooner it recognises genuine extremes compared to legacy oscillators. Backtest thoroughly, experiment with decay curves on each asset class and remember: in trading, timing beats timidity but patience beats impulse. May this tool help you find that edge.
Pine Script® indicator
by BackQuant
Candle Channel█ OVERVIEW The "Candle Channel" indicator is a versatile technical analysis tool that plots a price channel based on the Simple Moving Average (SMA) of candlestick midpoints. The channel bands, calculated based on candlestick volatility, form dynamic support and resistance levels that adapt to price movements. The script generates signals for reversals from the bands and SMA breakouts, making it useful for both short-term and long-term traders. By adjusting the SMA length, the channel can vary in nature—from a wide channel encapsulating price movement to narrower support/resistance or trend-following bands. The channel width can be further customized using a scaling parameter, allowing adaptation to different trading styles and markets. █ MECHANISM Band Calculation The indicator is based on the following calculations: Candlestick Midpoint: Calculated as the arithmetic average of the candle’s high and low prices: (high + low) / 2. Simple Moving Average (SMA): The average of candlestick midpoints over a specified length (default: 20 candles), forming the channel’s centerline. Average Candle Height: Calculated as the average difference between the high and low prices (high - low) over the same SMA length, serving as a measure of market volatility. Band Scaling: The user specifies a percentage of the average candle height (default: 200%), which is multiplied by the average height to create an offset. The upper band is SMA + offset, and the lower band is SMA - offset.Example: For an average candle height of 10 points and 200% scaling, the offset is 20 points, meaning the bands are ±20 points from the SMA. Channel Characteristics: The SMA length determines the channel’s dynamics. Shorter SMA values (10–30) create a wide channel that contains price movement, ideal for scalping or short-term trading. Longer SMA values (above 30, e.g., 50–100) transform the channel into narrower support/resistance or trend-following bands, suitable for longer-term analysis. Band scaling further adjusts the channel width to match market volatility. Signals Reversal from Bands: Signals are generated when the price closes outside the band (above the upper or below the lower) and then returns to the channel, indicating a potential trend reversal. SMA Breakout: Signals are generated when the price crosses the SMA upward (bullish signal) or downward (bearish signal), suggesting potential trend changes. Visualization Centerline: The SMA of candlestick midpoints, displayed as a thin line. Channel Bands: Upper and lower channel boundaries, with customizable colors. Fill: Options include a gradient (smooth color transition between bands) or solid color. The fill can also be disabled for greater clarity. █ FEATURES AND SETTINGS SMA Length: Determines the moving average period (default: 20). Values of 10–30 are suitable for a wide channel containing price movement, ideal for short-term timeframes. Longer values (e.g., 50–100) create narrower support/resistance or trend-following bands, better suited for higher timeframes. Band Scaling: Percentage of the average candle height (default: 200%). Adjusts the channel width to match market volatility—smaller values (e.g., 50–100%) for narrower bands, larger values (e.g., 200–300%) for wider channels. Fill Type: Gradient, solid, or no fill, allowing customization to user preferences. Colors: Options to change the colors of bands, fill, and signals for better readability. Signals: Options to enable/disable reversal signals from bands and SMA breakout signals. █ HOW TO USE Add the script to your chart in TradingView by clicking "Add to Chart" in the Pine Editor. Adjust input parameters in the script settings: SMA Length: Set to 10–30 for a wide channel containing price movement, suitable for scalping or short-term trading. Set above 30 (e.g., 50–100) for narrower support/resistance or trend-following bands. Band Scaling: Adjust the channel width to market volatility. Smaller values (50–100%) for tighter support/resistance bands, larger values (200–300%) for wider channels containing price movement. Fill Type and Colors: Choose a gradient for aesthetics or a solid fill for clarity. Analyze signals: Reversal Signals: Triangles above (bearish) or below (bullish) candles indicate potential reversal points. SMA Breakout Signals: Circles above (bearish) or below (bullish) candles indicate trend changes. Test the indicator on different instruments and timeframes to find optimal settings for your trading style. █ LIMITATIONS The indicator may generate false signals in highly volatile or consolidating markets. On low-liquidity charts (e.g., exotic currency pairs), the bands may be less reliable. Effectiveness depends on properly matching parameters to the market and timeframe.
Pine Script® indicator
by Uncle_the_shooter
Leola Lens SignalPro📌 Leola Lens SignalPro — Structure-Aware Momentum Overlay (Invite-Only) This script is designed for traders who prioritize clear structure, liquidity trap zones, and momentum transitions. It provides adaptive visual overlays that align with key decision points — emphasizing structure over lagging indicators. ________________________________________ ⚙️ Core Operating Modes ✅ Momentum Shift Mode (Always Active) Tracks microstructure shifts using volatility compression, imbalance reactions, and adaptive logic for directional bias. ⚡ Scalper Mode (Optional) Activates fast-response overlays for 1m–15m charts — tuned for crypto, indices, and intraday setups. 🛡 Safeguard Mode (Optional) Applies volume and exhaustion filters for higher timeframe or conservative entries, ideal for swing traders. ________________________________________ 📦 Liquidity Control Box (LCB) Logic 🔵 Blue Box = Bullish Control • Break above → continuation likely • Break below → caution for reversal 🟧 Orange Box = Bearish Control • Break below → continuation likely • Break above → caution for squeeze Use the last visible box for bias. Box edges = confluence zones. Box overlaps = consolidation → avoid impulsive trades. ________________________________________ 🧠 Signal Logic & Concept Built using a custom structural engine, not derived from public scripts like RSI, MACD, or WaveTrend. The overlays aim to capture price behavior often aligned with institutional concepts, such as: • Order Blocks • Liquidity Sweeps • Trap Reversals • Mitigation Moves Pairs well with SMC-style analysis and order-flow-based trading. ________________________________________ 🟡 Visual Signal Layers • BUY / SELL Labels → Appear near structure flips and trap zones • Yellow Label → High-risk trend shift zone • LCB Boxes → Real-time market control zones • Green/Red Liquidity Zones → Absorption or rejection • MA Overlays → Adaptive slope-based guidance (optional) • Pink Lines → High-reactivity reversal zones • Yellow Line → Soft S/R (psychological pivot) ________________________________________ 🎯 Suggested Entry & Exit Cues (Educational Use Only) ✅ Entry • BUY near Blue LCB + liquidity reaction • SELL after extended rallies into Orange LCB + trap behavior • ⚠ Avoid trades directly at Yellow Labels unless other context supports ✅ Exit • On opposite label after structure break • On formation of opposite LCB • Near major liquidity zones or pink levels 🧪 Always backtest label behavior to fit your strategy before use. ________________________________________ 🔍 Originality Justification This script introduces a non-indicator-based approach to structure detection — combining real-time volatility response, adaptive liquidity logic, and multi-mode filtering. It avoids conventional oscillators in favor of clarity-driven visual overlays, offering a novel experience especially useful to discretionary traders. ________________________________________ ⚠️ Disclaimer This script is for educational and informational purposes only. It does not constitute financial advice or a trading signal. Always validate performance with backtesting and forward testing before live use. ________________________________________
Pine Script® indicator
by LEOLALENS-OFFICIAL
BTC 5M Scalper: 3EMA Reversal v1.6 Lite by AIOBest Timeframe: 5 minutes!! Optimal Asset: BTC/USDT (Bitcoin) Stop Placement: Below the signal candle's low (for long) / Above the signal candle's high (for short) Risk/Reward: Minimum 1:2 ratio recommended Description: This 3EMA Reversal strategy identifies trend continuation signals using: Fast EMA (20) and Slow EMA (50) crossover Volume confirmation (above 20-period average) Engulfing candle pattern Built-in stop loss and take profit levels Usage Instructions: Apply to BTC/USDT 5-minute chart Enter long when green triangle appears (stop below signal candle) Enter short when red triangle appears (stop above signal candle) TP levels are automatically calculated based on your RR setting Pro Tip: Combine with 1-hour trend analysis for better results. The strategy works best in trending markets with above-average volume.
Pine Script® indicator
by dorkhah