STR:EMA Oscilator [Azzrael] — Strategy by Azzrael

educational ema oscillator strategy oversold overbought

Strategy based on EMA and EMA Oscilator

(EMA - close) + Std Dev + Factor = detecting oversell/overbuy
Long only!
Pyramiding - sometimes, depends on ...

There're 2 enter strategies in one script:
1 - Classic, buy on entering to OverSell zone (more profitable ~> 70%)
2 - Crazy, buy on entering to OverBuy zone (catching trend and pyramiding, more net profit)
Exit - crossing zero of (EMA - close)

Release Notes:

Antirepaint.
Close position on islastconfirmedhistory bar.
Default commission set to 0.1%.
PineScript v5 updates.

Release Notes:

Backtest period filter added.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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