Crypto EMA Trend Reversal Strategy

This is an EMA crossover strategy which involves 5 EMAs to trigger trades. The strategy has two take profit settings and uses a stop loss.

TP1 and SL are based on ATR and TP2 is an EMA crossover.

The strategy goes both long and short and the default settings work particularly well as a scalping strategy for ETHUSDT on the 5M time frame.

I have also created another version with tweaked settings for scalping LINKUSDT on the 5M with very similar results.

There is an option to add a volume condition parameter within the script on lines 26-28 which can be added to the end of lines 34-35 in the following format: and vol_cond

I personally don't currently use the volume condition parameter.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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