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FlowStateTrader FlowState Trader - Advanced Time-Filtered Strategy ## Overview FlowState Trader is a sophisticated algorithmic trading strategy that combines precision entry signals with intelligent time-based filtering and adaptive risk management. Built for traders seeking to achieve their optimal performance state, FlowState identifies high-probability trading opportunities within user-defined time windows while employing dynamic trailing stops and partial position management. ## Core Strategy Philosophy FlowState Trader operates on the principle that peak trading performance occurs when three elements align: **Focus** (precise entry signals), **Flow** (optimal time windows), and **State** (intelligent position management). This strategy excels at finding reversal opportunities at key support and resistance levels while filtering out suboptimal trading periods to keep traders in their optimal flow state. ## Key Features ### 🎯 Focus Entry System **Support/Resistance Zone Trading**: - Dynamic identification of key price levels using configurable lookback periods - Entry signals triggered when price interacts with these critical zones - Volume confirmation ensures genuine breakout/reversal momentum - Trend filter alignment prevents counter-trend disasters **Entry Conditions**: - **Long Signals**: Price closes above support buffer, touches support level, with above-average volume - **Short Signals**: Price closes below resistance buffer, touches resistance level, with above-average volume - Optional trend filter using EMA or SMA for directional bias confirmation ### ⏰ FlowState Time Filtering System **Comprehensive Time Controls**: - **12-Hour Format Trading Windows**: User-friendly AM/PM time selection - **Multi-Timezone Support**: UTC, EST, PST, CST with automatic conversion - **Day-of-Week Filtering**: Trade only weekdays, weekends, or both - **Lunch Hour Avoidance**: Automatically skips low-volume lunch periods (12-1 PM) - **Visual Time Indicators**: Background coloring shows active/inactive trading periods **Smart Time Features**: - Handles overnight trading sessions seamlessly - Prevents trades during historically poor performance periods - Customizable trading hours for different market sessions - Real-time trading window status in dashboard ### 🛡️ Adaptive Risk Management **Multi-Level Take Profit System**: - **TP1**: First profit target with optional partial position closure - **TP2**: Final profit target for remaining position - **Flexible Scaling**: Choose number of contracts to close at each level **Dynamic Trailing Stop Technology**: - **Three Operating Modes**: - **Conservative**: Earlier activation, tighter trailing (protect profits) - **Balanced**: Optimal risk/reward balance (recommended) - **Aggressive**: Later activation, wider trailing (let winners run) - **ATR-Based Calculations**: Adapts to current market volatility - **Automatic Activation**: Engages when position reaches profitability threshold ### 📊 Intelligent Position Sizing **Contract-Based Management**: - Configurable entry quantity (1-1000 contracts) - Partial close quantities for profit-taking - Clear position tracking and P&L monitoring - Real-time position status updates ### 🎨 Professional Visualization **Enhanced Chart Elements**: - **Entry Zone Highlighting**: Clear visual identification of trading opportunities - **Dynamic Risk/Reward Lines**: Real-time TP and SL levels with price labels - **Trailing Stop Visualization**: Live tracking of adaptive stop levels - **Support/Resistance Lines**: Key level identification - **Time Window Background**: Visual confirmation of active trading periods **Dual Dashboard System**: - **Strategy Dashboard**: Real-time position info, settings status, and current levels - **Performance Scorecard**: Live P&L tracking, win rates, and trade statistics - **Customizable Sizing**: Small, Medium, or Large display options ### ⚙️ Comprehensive Customization **Core Strategy Settings**: - **Lookback Period**: Support/resistance calculation period (5-100 bars) - **ATR Configuration**: Period and multipliers for stops/targets - **Reward-to-Risk Ratios**: Customizable profit target calculations - **Trend Filter Options**: EMA/SMA selection with adjustable periods **Time Filter Controls**: - **Trading Hours**: Start/end times in 12-hour format - **Timezone Selection**: Four major timezone options - **Day Restrictions**: Weekend-only, weekday-only, or unrestricted - **Session Management**: Lunch hour avoidance and custom periods **Risk Management Options**: - **Trailing Stop Modes**: Conservative/Balanced/Aggressive presets - **Partial Close Settings**: Enable/disable with custom quantities - **Alert System**: Comprehensive notifications for all trade events ### 📈 Performance Tracking **Real-Time Metrics**: - Net profit/loss calculation - Win rate percentage - Profit factor analysis - Maximum drawdown tracking - Total trade count and breakdown - Current position P&L **Trade Analytics**: - Winner/loser ratio tracking - Real-time performance scorecard - Strategy effectiveness monitoring - Risk-adjusted return metrics ### 🔔 Alert System **Comprehensive Notifications**: - Entry signal alerts with price and quantity - Take profit level hits (TP1 and TP2) - Stop loss activations - Trailing stop engagements - Position closure notifications ## Strategy Logic Deep Dive ### Entry Signal Generation The strategy identifies high-probability reversal points by combining multiple confirmation factors: 1. **Price Action**: Looks for price interaction with key support/resistance levels 2. **Volume Confirmation**: Ensures sufficient market interest and liquidity 3. **Trend Alignment**: Optional filter prevents counter-trend positions 4. **Time Validation**: Only trades during user-defined optimal periods 5. **Zone Analysis**: Entry occurs within calculated buffer zones around key levels ### Risk Management Philosophy FlowState Trader employs a three-tier risk management approach: 1. **Initial Protection**: ATR-based stop losses set at strategy entry 2. **Profit Preservation**: Trailing stops activate once position becomes profitable 3. **Scaled Exit**: Partial profit-taking allows for both security and potential ### Time-Based Edge The time filtering system recognizes that not all trading hours are equal: - Avoids low-volume, high-spread periods - Focuses on optimal liquidity windows - Prevents trading during news events (lunch hours) - Allows customization for different market sessions ## Best Practices and Optimization ### Recommended Settings **For Scalping (1-5 minute charts)**: - Lookback Period: 10-20 - ATR Period: 14 - Trailing Stop: Conservative mode - Time Filter: Major session hours only **For Day Trading (15-60 minute charts)**: - Lookback Period: 20-30 - ATR Period: 14-21 - Trailing Stop: Balanced mode - Time Filter: Extended trading hours **For Swing Trading (4H+ charts)**: - Lookback Period: 30-50 - ATR Period: 21+ - Trailing Stop: Aggressive mode - Time Filter: Disabled or very broad ### Market Compatibility - **Forex**: Excellent for major pairs during active sessions - **Stocks**: Ideal for liquid stocks during market hours - **Futures**: Perfect for index and commodity futures - **Crypto**: Effective on major cryptocurrencies (24/7 capability) ### Risk Considerations - **Market Conditions**: Performance varies with volatility regimes - **Timeframe Selection**: Lower timeframes require tighter risk management - **Position Sizing**: Never risk more than 1-2% of account per trade - **Backtesting**: Always test on historical data before live implementation ## Educational Value FlowState serves as an excellent learning tool for: - Understanding support/resistance trading - Learning proper time-based filtering - Mastering trailing stop techniques - Developing systematic trading approaches - Risk management best practices ## Disclaimer This strategy is for educational and informational purposes only. Past performance does not guarantee future results. Trading involves substantial risk of loss and is not suitable for all investors. Users should thoroughly backtest the strategy and understand all risks before live trading. Always use proper position sizing and never risk more than you can afford to lose. --- *FlowState Trader represents the evolution of systematic trading - combining classical technical analysis with modern risk management and intelligent time filtering to help traders achieve their optimal performance state through systematic, disciplined execution.*
Pine Script® strategy
by TradeManager_PRO
MemeCoin Index Correlation [Eddie_Bitcoin]MemeCoin Index Correlation 📈 by Eddie_Bitcoin This strategy is a trend-following system designed specifically for MemeCoins. It dynamically evaluates the correlation between the selected asset and the MEME.D index, which reflects MemeCoin market dominance. MEME.D is calculated in real-time using the ratio of MEME.C (MemeCoins market cap) to TOTAL (global crypto market cap), offering a responsive and data-driven benchmark. At its core, the strategy utilizes dual EMA crossovers (fast and slow) on both the asset and the index. When trends align (or inversely align, based on user settings), the system interprets this as a signal to open or scale positions. You can: Invert correlation logic to bet on divergence instead of convergence. Ignore the index and use pure EMA crossover on the charted asset. Customize risk through dynamic position sizing: fixed amount or 100% equity-based. Set stop loss and take profit thresholds in percentage terms. Enable partial position exits (scale-outs) when momentum weakens but price is still in profit. Apply a time filter to backtest only within selected date ranges. Additional features include: Leverage support (max 2.0 in this public version). Comprehensive stats table on the chart, with APR, drawdown, win rate, and more. Real-time PnL tracking with visual labels and color-coded trade signals. This strategy is ideal for those trading highly speculative assets and looking to filter entries based on broader MemeCoin sentiment. It is inspired by the same principles as my public script AltCoin Index Correlation and private-only script AltCoin Index Correlation ENHANCED strategies — but optimized for the volatile and narrative-driven nature of MemeCoins. Best timeframes: 15m and 1h Check my profile for more strategies, ideas and video explanations on how to use my strategies at best.
Pine Script® strategy
by Eddie_Bitcoin
Gann In-Trend — Nth RETURN Strategy (typed+combos)Here’s a concise English summary: What it is: A Gann Hi/Lo–based strategy that only enters on the N-th “return to trend” after a short counter-move. Signal logic: Requires a prior trend leg of at least minTrendLen. Accepts a pullback only if it’s short by absolute bars (maxCounter) and relative size (relCounter of prior leg). On the flip back to the trend (optional ATR buffer atrKConfirm), it counts valid returns and triggers on nthReturn. Optional candle confirmation: Engulfing, Pin Bar, Inside/Outside, Strong Close, or 2-bar combos (e.g., Engulf → Strong Close). Entries & exits: Stops: Swing (pivot-based), HiLo (Gann line ± ATR buffer), ATR (xATR), or Ticks. Targets: configurable Risk-Reward RR. Exit modes: by RR, by Gann flip, or first of RR/flip. Purpose: Backtest and optimize the best RR + stop type + candle pattern for your market/timeframe. Visuals: Plots the Gann Hi/Lo line, flags valid returns, and marks entries. Key knobs: minTrendLen, maxCounter, relCounter, nthReturn, confirmMode, slMode, RR, atrKConfirm, slExtraATR, pivotL/R, atrSLlen, atrSLmult.
Pine Script® strategy
by isaacolivargarcia
1
Scalping Line Strategy📌 Scalping Line Strategy – A Precision Crossover System 🔎 Overview The Scalping Line Strategy is a short-term trading system built around the concept of momentum-driven crossovers between a smoothed moving average filter and a fast signal line. It is designed for scalpers and intraday traders who seek clear entry signals, minimal lag, and adaptive filtering to fit volatile market conditions. At its core, the strategy uses a custom signal line ("Scalping Line"), which is derived from the difference between a double-smoothed moving average and a shorter-period signal line. Trade entries are triggered when this Scalping Line crosses above or below zero, providing a clean and rules-based framework for both long and short setups. ⚙️ Core Logic Main Trend Filter – A double-smoothed moving average is calculated over a configurable period (default 100). This reduces noise and provides a more robust backbone for scalping signals. Percent-Based Filter – To avoid false signals, a customizable percentage filter adjusts how closely the system “respects” price deviations from the moving average. This helps filter out insignificant fluctuations. Signal Line – A shorter-period simple moving average (default 7) provides faster responsiveness to recent price action. Scalping Line (SLI) – Calculated as the difference between the fast signal line and the smoothed moving average. When the SLI crosses zero, it signals a potential momentum shift. SLI > 0 → Momentum bias is bullish. SLI < 0 → Momentum bias is bearish. 🎯 Trade Direction & Flexibility Trade Direction Control: Choose between Long Only, Short Only, or Both to tailor the system to your trading style. Signal Flip Option: By default, long entries occur when the SLI crosses below zero, and shorts when it crosses above zero. This orientation can be flipped, allowing for alternative interpretations of the signals depending on how you want to capture momentum in your market. 🕒 Time Window Filtering For intraday traders, a time filter can be enabled to restrict signals to specific trading sessions (e.g., 9 AM – 4 PM EST). This is particularly useful when trading assets such as equities or futures that have strong intraday volatility windows. 📈 Visuals & Clarity Scalping Line Plot: Displayed as a dynamic oscillator around a zero baseline. Histogram Fill: Green when above zero (bullish bias), red when below zero (bearish bias). Signal Markers: Clear arrows mark long and short entries at crossover points. Zero Line Reference: A flat gray line at zero assists in visually gauging momentum shifts. 🚀 Strategy Execution Long Entry: Triggered when SLI crosses below zero (or above zero if flip is enabled) within allowed session hours. Short Entry: Triggered when SLI crosses above zero (or below zero if flip is enabled) within allowed session hours. Built-in Signal Cancels: Pending entries are canceled if conditions are no longer valid, ensuring no stale trades remain active. ✅ Best Use Cases Markets: Works across equities, forex, crypto, and futures with sufficient intraday volatility. Timeframes: Most effective on 1m to 15m charts for scalping setups, but adaptable to higher frames for swing trading. Style: Traders who appreciate simple, rules-based momentum crossovers will find this system easy to follow and highly adaptable. ⚠️ Risk Management Note This strategy is strictly an entry signal framework. Position sizing, stop-loss, and take-profit rules must be overlaid based on your risk management style. Always validate results with backtesting and forward testing before applying to live trading accounts. 📜 Final Thoughts The Scalping Line Strategy offers a refined, easy-to-interpret approach to intraday trading. By combining smoothed moving averages, adaptive filtering, and flexible signal options, it helps traders identify short-term momentum shifts with clarity and confidence, making it a highly configurable tool for scalping-focused strategies.
Pine Script® strategy
by nirnaykhatri
Three-Step 9:30 Range Scalping# Three-Step 9:30 Range Scalping Strategy Rules ## Step 1: Mark the Levels (9:30 AM) - Wait for the **first 5-minute candle** starting at 9:30 AM EST to close - Mark the **HIGH** and **LOW** of this candle - Switch to **1-minute chart** for trading ## Step 2: Find Your Entry (Trade for 1 hour only: 9:30-10:30 AM) ### BREAK Entry - Need: **Fair Value Gap (FVG)** + **ANY** of the 3 FVG candles closes outside the range - FVG = Gap between candle wicks (3-candle pattern) ### TRAP Entry - Need: Break outside range → Retest back inside → Close back outside again ### REVERSAL Entry - Need: Failed break in one direction → Opposite FVG back into the range ## Step 3: Trade Management ### Stop Loss: - **Break/Trap**: Low/High of first candle that closed outside the range - **Reversal**: Low/High of first candle in the FVG pattern ### Take Profit: - **Always 2:1 risk-to-reward ratio** - If you risk $100, you make $200 ## Key Rules: - ✅ **Body close** outside range (not just wicks) - ✅ Trade on **1-minute chart** only - ✅ Only trade **first hour** (9:30-10:30 AM EST) - ✅ **Fixed 2:1** take profit every time - ✅ One strategy, stay consistent **That's it. No complicated indicators, no higher timeframe bias, no guesswork.**
Pine Script® strategy
by nicolasnourgt
Close Above/Below Prev 2 Candle Strategy (Any Timeframe)Title: Close Above/Below Previous 2 Candle Strategy (Any Timeframe) Description: This strategy identifies potential breakout and trend continuation signals by analyzing the closing price relative to the highs and lows of the previous two candles. It works on any chart timeframe, making it versatile for intraday, swing, and daily trading. How it works: Long Entry (Bullish Signal): Triggered when the current candle closes above the highs of the previous two candles. Short Entry (Bearish Signal): Triggered when the current candle closes below the lows of the previous two candles. Visual Indicators: Green triangles above the bar indicate bullish signals. Red triangles below the bar indicate bearish signals. Strategy Features: Works on any timeframe, from 1-minute charts to daily/weekly charts. Configurable risk/reward ratio for automatic stop-loss and take-profit levels. Alerts trigger immediately when the condition is met, helping traders react to potential breakouts. Provides clean visual signals for easy chart reading and decision-making. Benefits: Reduces noise by focusing on candle close confirmations. Versatile and suitable for intraday, swing, and long-term trading. Easy to combine with other indicators or strategies.
Pine Script® strategy
by karthikacharya60
Close Above/Below Prev 2 Candle (Daily Close)This strategy identifies potential trend continuation or breakout signals by analyzing the daily candle closes relative to the previous two daily candles. It generates clear alerts and trade signals only after the daily candle has fully closed, reducing false intraday triggers. How it works: Long Entry (Bullish Signal): Triggered when the daily candle closes above the highs of the previous two daily candles. Short Entry (Bearish Signal): Triggered when the daily candle closes below the lows of the previous two daily candles. Visual Indicators: Green triangles indicate bullish signals, red triangles indicate bearish signals. Strategy Features: Optional long and short entries with configurable risk/reward ratio. Automatic stop-loss and take-profit calculation based on candle structure. Works on intraday charts using daily candle analysis. Alerts: Alerts trigger only after the daily candle closes above/below the previous two daily candles. Helps traders receive precise notifications for potential breakout trades. Benefits: Reduces noise by using daily candle closes. Easy to integrate with other swing or trend strategies. Provides clear visual and alert signals for both bullish and bearish setups.
Pine Script® strategy
by karthikacharya60
Aura Trail Bitcoin H1 StrategyAuraTrail Bitcoin H1 Strategy is a meticulously crafted trend-following system designed for the Bitcoin H1 timeframe. It leverages powerful candlestick patterns and robust trailing stop logic to identify and capitalize on sustained market movements, while actively managing risk. Strategy Logic Signal Identification: The strategy's core is based on classic reversal candlestick patterns: the Hammer for bullish entry signals and the Shooting Star for bearish signals. It waits for the confirmation of these patterns on the previous bar. Long Entry: A long trade is initiated when a confirmed Hammer pattern appears. The entry is placed as a pending order at the high of the previous day, aiming to enter the trade only if the bullish momentum continues. Short Entry: A short trade is triggered upon a confirmed Shooting Star pattern. The entry is a pending order at the low of the previous day, designed to capture further downside movement. Risk Management: The initial stop-loss is calculated based on the previous day's open and bar range. The strategy then uses a dynamic Trailing Stop based on a combination of short-term (45-period) and long-term (95-period) Average True Range (ATR) to lock in profits as the trade moves favorably. Money Management: Position size is dynamically adjusted based on a configurable multiplier, which can be tailored to manage pyramiding or scaling into a position, ensuring controlled risk exposure. Parameters Initial Lots: Defines the starting position size for the first trade. Lot Multiplier: Adjusts position size for subsequent entries in a pyramiding sequence. Trailing Stop Coefficient: A multiplier for ATR to set the trailing stop distance. Trailing Activation Coefficient: A multiplier for ATR to determine when the trailing stop becomes active. Profit Target %: Defines a percentage gain for profit-taking. Setup Timeframe: 1-Hour (H1) Asset: Bitcoin, also suitable for other volatile assets with clear candlestick patterns and trending behavior.
Pine Script® strategy
by AlgoChadLin
Valid H/L Strategy Tester with MFE/MAE Analytics ## Overview A data-driven trading indicator that identifies valid high/low price levels and provides statistical insights through Maximum Favorable Excursion (MFE) and Maximum Adverse Excursion (MAE) analytics. Make informed trading decisions based on historical price behavior rather than guesswork. ## Key Features ### 🎯 Smart Pattern Recognition - Automatically detects valid highs and lows with confirmation system - Color-coded candles and lines for clear visual identification - Inside/Outside print filtering for higher probability setups ### 📊 Statistical Analytics - Analyzes up to 500 historical setups for MFE/MAE calculations - 1-hour and 3-hour timeframe data with percentile-based targets (20th, 50th, 80th) - Real-time performance tracking with comprehensive statistics table ### ⚙️ Flexible Strategy Options **Entry Methods:** Confirmation-based or MAE percentile entries **Take Profit:** MFE-based, fixed points, percentage, or R:R ratio targets **Risk Management:** Multiple stop loss types with position sizing controls ### 🕐 Advanced Time Filtering - Session filters (Asia, London, New York) - Individual hourly controls (24-hour precision in ET) - Pre-configured for optimal NY trading hours (9 AM - 2 PM) ### 📈 Visual Dashboard - MFE target lines (blue) and MAE risk lines (orange) - Customizable colors, styles, and line weights - Statistics table showing daily/hourly/weekly performance breakdowns ## How It Works 1. **Pattern Detection** - Scans for valid high/low formations using price structure and gap behavior 2. **Statistical Analysis** - Calculates historical MFE/MAE percentiles from past setups 3. **Trade Framework** - Executes entries/exits based on your configuration with real-time performance tracking ## Ideal For - **Day/Swing Traders** seeking data-driven entry/exit levels - **Risk Managers** wanting historical drawdown data for stop placement - **Performance Trackers** needing detailed analytics across timeframes and sessions - **Flexible Strategies** - adapts to scalping, day trading, or swing trading styles ## Quick Setup 1. Select analysis timeframe (default: 5-minute) 2. Choose entry method and exit strategy 3. Enable MFE/MAE analytics display 4. Apply session/hourly filters 5. Customize visual elements and table settings Transform your trading from guesswork to statistical precision with historical price behavior insights.
Pine Script® strategy
by PacTRADES
OKX Contract Martin SAR + RSI +MA Signal判断多空 longSignal := (long and scma) or (goldenCross and rsicm30 ) or (crossUp and rsicm30) // Long signal when SAR switches to uptrend shortSignal := (short and lcma) or (deathCross and rsicm70 ) or (crossunder and rsicm70)//and scma // Short signal when SAR switches to downtrend 多：sar在下方和200日均线上方 ；金叉和rsi小于50 ；上穿和rsi小于50 空：sar在上方和200日均线下方 ；死叉和rsi大于50 ；下穿和rsi大于50 这个策略是马丁的信号策略
Pine Script® strategy
by aws2333
Supertrend Strategy with ATR TP and SLSupertrend Strategy with ATR TP and SL Overview The Supertrend strategy is a trend-following trading system that utilizes the Average True Range (ATR) to determine the market's volatility and to set dynamic support and resistance levels. This strategy employs the Supertrend indicator to identify entry and exit points for trades, specifically focusing on long and short positions in the market. Key Components Inputs ATR Period: This defines the lookback period for calculating the ATR, which helps in understanding market volatility. The default value is set to 10. Supertrend Multiplier: This multiplier adjusts the sensitivity of the Supertrend indicator. A value of 3 is used, affecting the upper and lower bands of the Supertrend calculation. TP (Take Profit) ATR Multiplier: This multiplier is used to calculate the take profit level based on the ATR (default value is 3). SL (Stop Loss) ATR Multiplier: This multiplier dictates the stop loss distance from the entry point concerning the ATR, set to a value of 1.5. Number of Bars to Use for Backtest: This setting determines how many bars are analyzed during testing, set to a default of 240. Trading Mode: Options are provided to choose whether to take only long positions or only short positions. ATR Calculation The ATR is computed using a specified period, allowing traders to gauge market volatility effectively. This is crucial for setting appropriate stop loss and take profit levels. Supertrend Calculation The Supertrend indicator is calculated using the ATR and the multiplier to derive upper and lower bands. The current market price is compared against these bands to determine the trend direction. Trade Signals Buy Signal: Generated when the price closes above the Supertrend line, indicating a potential upward trend. Sell Signal: Generated when the price closes below the Supertrend line, indicating a potential downward trend. Entry and Exit Strategies When a buy signal is triggered, the strategy will enter a long position while setting the take profit and stop loss based on the ATR values. Conversely, if a sell signal occurs, a short position is opened with respective take profit and stop loss levels. Alert Conditions Alerts are set up for both buy and sell signals, allowing users to be notified when trade opportunities arise. Visualization The Supertrend line is plotted on the chart, along with take profit and stop loss levels for each trade. Labels indicate entry points to facilitate easy tracking of trades. Conclusion This Supertrend strategy is designed to simplify trading decisions by automating the entry and exit points based on well-defined market conditions. By utilizing the ATR for dynamic risk management, traders can adapt their approach according to market volatility. This strategy is suitable for many trading styles and can be backtested to assess its performance across different market conditions. Usage To use this strategy, simply apply the script in TradingView and adjust the input parameters based on your trading preferences. The strategy can be modified further to enhance its performance according to specific market scenarios.
Pine Script® strategy
by merdansahan
ROPSON AI Ultra 3.27 How It Takes a Long (Buy) Position The code will only enter a long position when two conditions are met simultaneously. Both must be true for a buy signal to be generated: The current candle's close price crosses above the previous candle's high. This is the breakout signal. It indicates strong upward momentum. The current candle's close price is above the 200 EMA. This is the trend filter. The 200 EMA (Exponential Moving Average) is a widely used indicator for long-term trend. If the price is above it, the market is considered to be in an uptrend. By requiring both conditions, the strategy aims to enter trades that have both short-term momentum (the breakout) and long-term trend confirmation (the EMA filter). How It Takes a Short (Sell) Position Similarly, a short position is only entered when both of these conditions are true at the same time: The current candle's close price crosses below the previous candle's low. This is the breakdown signal, indicating strong downward momentum. The current candle's close price is below the 200 EMA. This confirms that the market is in a downtrend.
Pine Script® strategy
by bmbaeps