OPEN-SOURCE SCRIPT
5X EMA Trend Follower
Mis à jour
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// Copyright by Randalll.com v1.0 09/03/2016
// This indicator provides 5 Exponential Moving Averages.
// Works well on 1D,4H,1H TF
// To be used with traditional trend following strategies.
// Example
// If 50/100/200 trending in same direction. Then buy/sell
// with trend direction. Use PA, pinbar, news catalyst
// or pullback to 50E for Entry signal.
// Use 2x ATR for SL, set no TP. Ride the trend to the end.
// Exit when 10 crosses 20, or 20 crosses 50
// in volitile markets.
// As always use at your own risk and stay awesome.
// by randalll.com
////////////////////////////////////////////////////////////
study(title="5X EMA Trend Follower", overlay=true)
short1 = ema(close, 10)
short2 = ema(close, 20)
long1 = ema(close, 50)
long2 = ema(close, 100)
long3 = ema(close, 200)
plot(short1, color = green)
plot(short2, color = red)
plot(long1, color = blue)
plot(long2, color = purple)
plot(long3, color = black)
// Copyright by Randalll.com v1.0 09/03/2016
// This indicator provides 5 Exponential Moving Averages.
// Works well on 1D,4H,1H TF
// To be used with traditional trend following strategies.
// Example
// If 50/100/200 trending in same direction. Then buy/sell
// with trend direction. Use PA, pinbar, news catalyst
// or pullback to 50E for Entry signal.
// Use 2x ATR for SL, set no TP. Ride the trend to the end.
// Exit when 10 crosses 20, or 20 crosses 50
// in volitile markets.
// As always use at your own risk and stay awesome.
// by randalll.com
////////////////////////////////////////////////////////////
study(title="5X EMA Trend Follower", overlay=true)
short1 = ema(close, 10)
short2 = ema(close, 20)
long1 = ema(close, 50)
long2 = ema(close, 100)
long3 = ema(close, 200)
plot(short1, color = green)
plot(short2, color = red)
plot(long1, color = blue)
plot(long2, color = purple)
plot(long3, color = black)
Notes de version
Works well with RSI 26, as shown and my value channel system, I use the 5XEMA on 1H for support and resistance ideas in confluence with Fib or Percentage pullback zones.
I use Weekly, Daily and 1H Charts for overall big picture ideas and then price action for entry and exits.
I trade the first 35-45 minutes of the TSX/TSXV open, I do not wait for the candle to print, but watch live price action due to 15 minute delay of my charts.
I use my charts only for historical data and for watching zones.
use at your own risk!
Notes de version
Change LogI have modified the EMA back to the more traditional levels, 10,20,50,75,200
EMA is calculated on Close, no longer ohlc4 (period average)
Added titles for clarity.
Notes de version
Corrected typo in the code to resolve EMA 200 Not showing correctly. Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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