OPEN-SOURCE SCRIPT

EMA flow trend buy AnhDuong

141
🎯 1. Indicator Purpose
This indicator combines:

BUY/SELL signals based on crossovers between EMA and LWMA (with some noise filtering).

A multi-timeframe dashboard (M1 → H4) showing trend direction using EMA34 and EMA89.

📈 2. Crossover Signal Logic
BUY signal occurs when:
text
Sao chép
Chỉnh sửa
EMA89 < EMA34 (Bullish crossover)
LWMA45 > EMA34 (Price is rising above the fast EMA)
LWMA45 < EMA89 (Price hasn't broken the long EMA yet)
➡️ Meaning: A bullish move is forming (early stage) → potential entry point.

SELL signal occurs when:
text
Sao chép
Chỉnh sửa
EMA89 > EMA34 (Bearish crossover)
LWMA45 < EMA34 (Price is below the fast EMA)
LWMA45 > EMA89 (Price hasn't broken the long EMA downward)
➡️ Meaning: A bearish move is forming → possible short setup.

📊 3. Multi-Timeframe Dashboard
This dashboard shows trend direction using EMA34 vs EMA89:

UP: EMA34 > EMA89 → uptrend

DOWN: EMA34 < EMA89 → downtrend

Example:

makefile
Sao chép
Chỉnh sửa
DASHBOARD (EMA34/89)
M1: DOWN
M5: DOWN
M15: UP
H1: UP
H4: UP
🟢 Recommended strategy:

BUY when most timeframes show UP

SELL when most timeframes show DOWN

Avoid trades if the trend is mixed (e.g., M1 says UP but H1 says DOWN)

📌 4. Suggested Strategy
For Scalping (e.g., on M5):
Ensure that H1 and H4 are aligned with your direction.

Wait for a BUY/SELL signal on M5.

Check the Dashboard to confirm higher-timeframe trend agreement.

⚠️ 5. Important Notes
Don’t rely solely on BUY/SELL signals — always confirm with the Dashboard.

Consider adding RSI, Bollinger Bands, or SMC levels to improve filtering.

Avoid trading during choppy or sideways conditions — frequent EMA crossovers = many false signals.



Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.