Get started
MadMoto29

EMA Pullback Study

MadMoto29 Updated   
Moving Averages Trend Analysis pullback
100
4
movingaverage trendanalysis pullback
A colored EMA (period can be chosen via inputs).

A signal is generated on the first price touch of the EMA following the price floating above or below it for several bars.

- If EMA is green and a green up arrow appears (price touch), look for buys.
- If EMA is red and a red down arrow appears look for sells.

Can be used with a longer period MA to confirm overall direction, MTF, chop zone, etc.

May wish to enter on the signal, or wait for price to turn back in direction of the trend.

Still in development!
Release Notes:
Updated to add ADX Filter.
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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?