OPEN-SOURCE SCRIPT

Bjorgum Triple EMA Strat

Diupdate
-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
Catatan Rilis
*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
Catatan Rilis
Display picture update
barcolorcolorExponential Moving Average (EMA)heikenashiprofitablesignalSmoothed Moving Average (SMMA)smoothedstrategyTrend Analysis

Skrip open-source

Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart

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