OPEN-SOURCE SCRIPT
EMA $30 Deviation Buy/Sell Signals
This indicator works absolutely perfect on Gold (XAUUSD) on 5 min timeframe. Wait until price deviates up or down at least $30 from 50EMA and keep adding until $40, it will eventually comes back to 50EMA as a magnit and most of the times moves back $20-30 towards profit.
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.
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.
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.