[blackcat] L2 Zero-lag EMA Swing Trade

23 Jan 2021

Level: 2

Background

This script is a comprehensive work of mine, incorporating Ehlers zero-lag EMA and my first script published: MA fingerprint for long entries.

Function

Ehlers zero-lag EMA algorithm in this scripts is mainly used for short signal production, while my MA fingerprint algorithm is used for long entries.

Key Signal

a ---> Ehlers Zero-lag EMA fast line for subjective long jugement
b ---> Ehlers Zero-lag EMA slow line for subjective short jugement
long --> Swing long entry with partial postion
short --> Swing short entry with partial postion



Remarks

Feedbacks are appreciated. This script is optimized for 1D time frame.


Readme

In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.

The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.

Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.

Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.

Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.

Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.

Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.