OPEN-SOURCE SCRIPT

HTF EMA Pivot Points

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HTF EMA Pivot Points - TradingView Indicator

๐Ÿ“Œ Overview

The HTF EMA Pivot Points indicator displays Exponential Moving Averages (EMAs) from higher timeframes (HTF) on your current chart. These EMAs act as dynamic support and resistance levels, helping traders identify key areas where price is likely to react.

โšก Key Features

โœ… Plots EMAs from multiple timeframes (1H, 4H, Daily)
โœ… Works on any chart (1M, 5M, 15M, etc.)
โœ… Acts as pivot points for price action, helping with trade entries & exits
โœ… Customizable EMA lengths for flexibility
โœ… Ideal for scalping, 0DTE options trading, and swing trading

๐Ÿ›  How It Works

The script calculates EMAs from 1H, 4H, and Daily charts and overlays them on your current timeframe. These levels often act as support and resistance zones, where price tends to bounce or reject.

๐ŸŽฏ How to Use It for Trading

๐Ÿ“ Bullish Setup (Buy Calls)
โ€ข Price bounces off a higher timeframe EMA (e.g., 4H or Daily EMA)
โ€ข Confirmation with RSI or Fair Value Gaps (FVGs)

๐Ÿ“ Bearish Setup (Buy Puts)
โ€ข Price rejects from a higher timeframe EMA
โ€ข Confirmation with other indicators (RSI, MACD, Order Flow)

๐Ÿš€ Why Use This Indicator?
โ€ข Filters out noise from lower timeframe EMAs
โ€ข Confirms trend direction using key moving averages
โ€ข Helps avoid false breakouts by identifying strong institutional levels

This is a must-have tool for traders who rely on higher timeframe confluence for scalping, options trading, or swing trading. ๐Ÿ“ˆ๐Ÿ”ฅ

Penafian

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