OztheWoz

Vertex EMA Strategy

Recently found an article sharing an EMA strategy written by Vertex . I copied a majority of the Long conditions into code here with some visual aid.

Essentially, watch for a the 8 EMA to be greater than the 21 EMA , and all the EMA's to be spread apart. Then get your trigger bar from a retracement from the 8 bar EMA . Stop on the lowest low of the past 5 bars, or on EMA 8 crossunder EMA 21.
This is intended to only be used on a 1h chart.

This was made for a friend.

Disclaimer: Please do your own research before making any decisions financially. I am not your financial advisor.
Release Notes: Added a multi-timeframe analysis, trigger signal, inputs to toggle bar color and trigger signal, and inputs to change the EMA apart length.
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.

Disclaimer

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