OPEN-SOURCE SCRIPT

3 EMA + Supertrend

447
Three EMAs: Helps you identify the general trend direction and potential crossovers.

When the Fast EMA crosses above the Medium or Slow EMAs, it may indicate a bullish trend, and vice versa for bearish trends.

Supertrend: Works as a trend filter. You can use it to identify overall market conditions:

When the Supertrend is green, it indicates an uptrend.

When the Supertrend is red, it indicates a downtrend.

Combination: The EMAs help you confirm the trend, and the Supertrend can act as a filter or confirmation tool for your entries and exits.

Potential Strategy Idea:
Long Entry: When the Fast EMA crosses above the Medium EMA, and the Supertrend is green.

Short Entry: When the Fast EMA crosses below the Medium EMA, and the Supertrend is red.

Exit: You can use either the Supertrend turning from green to red (for long exits) or vice versa.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.