Break & Retest with EMAs

il y a 4 jours

This code uses the 9, 20 & 50 EMA's combined with the Break & Retest method.

il y a 3 jours

Notes de version

This is updated for fewer signals, meaning fewer fake outs. It's meant to be used between opening of the New York Stock Exchange. It's main aim is trades between 9:40am and 10:15am. That's when the most consistent wins occurred.

It automatically recognizes the Previous Day H&L and the Opening 5 Minute H&L. I prefer to draw out my own on my chart.

avant-hier

Notes de version

This script was created for the NYSE. It's meant for trading on the S&P 500 but will work with the other Indexes. It incorporates the EMA's the the 9-day, 20-day and 50-days. It also uses the previous day's H&L and the opening five minute H&L.

It wont draw out the H&L's because it will clutter up your screen too much. I recommend doing that yourself if you want.

The colors can be changed in the settings as well as the number of days you want for each moving average.

Good Luck!

avant-hier

Notes de version

If you do not see a signal when the EMA's cross over it may be because it is not out of the H&L area which means the price action is consolidating. Do not trade when the price action is consolidating. That's the fastest way to lose money!

It's also meant to be used on the 1 minute time frame but will work with others.

avant-hier

Notes de version

Enjoy!