5-8-13 EMA Strategy

Here’s a concise yet informative description for your 5-8-13 EMA strategy indicator that you can use in the script or share elsewhere. It captures the essence of what we’ve discussed—how it works, its purpose, and its flexibility—while keeping it trader-friendly.
5-8-13 EMA Strategy Indicator
This indicator leverages three Exponential Moving Averages (EMAs) with periods of 5, 8, and 13 to identify trend direction and generate actionable trading signals for options, stocks, or other markets. Based on Fibonacci-inspired lengths, the strategy uses the fast-reacting 5 EMA, the smoothing 8 EMA, and the trend-setting 13 EMA to spot momentum shifts.
How It Works:
Buy Call Signal: Triggers when the 5 EMA crosses above the 8 EMA, signaling bullish momentum. Optionally, confirmation requires the candle to close above the 5 EMA with all EMAs stacked bullishly (5 > 8 > 13).

Buy Put Signal: Triggers when the 5 EMA crosses below the 8 EMA, indicating bearish momentum. Confirmation can require a close below the 5 EMA with a bearish stack (5 < 8 < 13).

Signals appear as "Buy Call" (green label below the bar) or "Buy Put" (red label above the bar).