PROTECTED SOURCE SCRIPT
21EMA trading system [CosmonautC]
Got inspired by @DropTopSakky to make this after he had been talking about the significance of the 21EMA for a long time
Recommnedation: Use this on the 1-hour to 15 minute timeframe. Will add a feature in the future for lower timeframes. For now lower timeframes have too much noise though.
Was bored today so decided to make a system based on the 21 period EMA. There are oversold, overbought and trend based signals all in one (yes only based on EMA, no other indicators)
There are also options to configure length and moving average type.
Enjoy!
Recommnedation: Use this on the 1-hour to 15 minute timeframe. Will add a feature in the future for lower timeframes. For now lower timeframes have too much noise though.
Was bored today so decided to make a system based on the 21 period EMA. There are oversold, overbought and trend based signals all in one (yes only based on EMA, no other indicators)
There are also options to configure length and moving average type.
- Red/green circles = Price will go up/down (trend is bullish or bearish)
- Red/green crosses = oversold/overbought
Enjoy!
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.