Reversal Signal [5ema]

16 Ogo 2023

This indicator can find a reversal point when the price is oversold, the breakout is far from the EMA.
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*How to calculate?

• Find the minimum (maximum) value on five EMAs: 20, 50, 200, 460, 610.
  
• Calculate the number left bars with condition that is completely above (below) the min (max) EMA line.
  
• The signal bar is Engulfing bar.
  

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*How to appear signal?

• Have signal bar cross the min (max) EMA line.
  
• The number left bars that is completely above (below) the min (max) EMA line greater than inputting.
  

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How to use?

• Can change the value of EMAs to suitable with symbols and strategy.
  
• Can change the number left bars to suitable with symbols and strategy.
  
• Can see the trend cloud to recognize the trending.
  
• Review a strategy when appear the signal on chart.
  
• Make the alert when appear the signal.
  
• Can choose only Buy or Sell signal.
  

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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.

28 Ogo 2023

Nota Keluaran

Update:
- Signal shape style.
- Alert content.

28 Ogo 2023

Nota Keluaran

Update:
- Alert content.

28 Ogo 2023

Nota Keluaran

Update:
- Add input color of signal labels.