TTP Supertrend EMA — Indicator by TheTradingParrot

This indicator is used for bot orchestration in 1 hour timeframes.

Although this indicator is backtestable (prints 1s during all uptrend and 2s during all downtrend) this feature ignores the EMA100 to filter buys, therefore it always prints 1s even if below the EMA100.

We can add that feature later.

Release Notes:

Support for multiple timeframes

Release Notes:

In the bot workshop today we worked on a user's idea: Find the first red candle that's below the EMA100 during a downtrend.

This version allows to show a label when that happens.
It also allows to set alerts for the 1st red candle signal and backtesting is also possible when connecting this indicator to our backtester (use 1 for opening a short deal, use the 1st red signal as input).

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Invite-only script

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Author's instructions

You can use this script by becoming a member of thetradingparrot.com/tiers

Want to use this script on a chart?

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