OPEN-SOURCE SCRIPT
O5 EMA Cloud 20/50 + Pullback Touch Alerts (Bull/Bear Filter)
This indicator shows an EMA cloud that is set to Fast=20 and Slow=50 by default, but can be changed.
It features suggested entry signals when price pulls back to either EMA level in both uptrends and downtrends.
Buy signals print only when price pulls back to one of the EMA levels and closes up.
Bearish signals only print when price pulls back to one of the EMA levels and closes down.
It features suggested entry signals when price pulls back to either EMA level in both uptrends and downtrends.
Buy signals print only when price pulls back to one of the EMA levels and closes up.
Bearish signals only print when price pulls back to one of the EMA levels and closes down.
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.