Bjorgum Triple EMA Strat

-This script uses a triple EMA strategy to establish trend direction and reversal points

-Inputs are smoothed with Heiken Ashi values to reduce whipsaws, while providing timely execution

-Buy and sell indications are dictated by bar color

-Bar color is dictated by the candle close value in relation to the EMAs, specifically the faster of the 3
(If candle closes above or below the fast and intermediate averages, a buy or sell signal is indicated by bar color change)

-If the close falls between the two a cautionary signal is given. The viewer can hold, or take profit, or evaluate other indicators for clues

-Best results are obtained when coupled with Bjorgum TSI and Bjorgum RSI for confirmation of signals (see TradingView profile)

@Bjorgum on Stocktwits
Notes de version: *NEW*

Added alert function to trigger under the same conditions as a bar color change. This occurs as close crosses the 5 and 9 smoothed averages.

@Bjorgum on StockTwits
Notes de version: Display picture update
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte 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 les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?


You obviously have a talent. Cheers.
+6 Répondre
Bjorgum Dmitry325
@Dmitry325, wow thank you
+1 Répondre
Nice indicator here!
This is really awesome, great work!
Hi, i would like to implement a function to declare when trend is positive and when is negative for a strategy, would you be able to explain how to declare those variables?
So, entry orders would be:

postrend= the variable

if (inDateRange and postrend and golong)
strategy.entry(id="Long", long=true)

would be so greatfull if you could help me on this. Also dont hesitate to dm me if you wanna get into our little project to automate a bot for crypto. Tysm
Hi, I am Absolute new to this world, yet no computer background at all. Reading all the comments, i interested very much to have your indicator can be installed in my MT4/MT5, but how? would you let me know? Thanks very much
@Goodcoin1, you would need to have this coded into MT4/5 code, Pine script only compiles in TradingView