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5ema

GRIM309 CallPut StrategyThis draws the 5, 10, 20, 50 and 200 EMA lines. It creates suggestions of when to open and close call positions (GREEN) as well as open and close put positions (RED) it has a early warning system, and in case there is a spike between the last 5 positions it will signal close the position, this is optional (isWarning) There is also a cooldown period, when set at 2 it means wait a position before initiating another, I did not like the position closing and then opening directly afterwards, you could cooldown for 3 and skip 2 candles or more etc. Set to 1 then it will open/close without cooling down. Additionally the very bottom shows wether it is in an uptrend or downtrend currently (Yellow triangle)
Pine Script® strategy
by GriM309
Mar 11

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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