50/200 EMA Cross with circles - Crypto Goatiz

Used for Golden Cross / Death Cross strategies

This is the intraday/swing trading version. (The 21/200 version is for scalping, fast intraday)

This script detects The 50/200 EMA crossovers which signals trend confirmations in the market. The script enhances that signal with clear visual cues so that you never miss a critical trend shift on lock in those gainzzz! 🤑🤑🤑

Use this indicator on the 5 min chart with the RSI and Stochastic indicators

📊 5-Minute EMA & Stochastic RSI Trading Strategy (Step-by-Step Guide)

🧰 1. Set Up the Indicators

A. Exponential Moving Averages (EMA)

Go to your trading platform (like TradingView).

Click on “Indicators” and search for “EMA”.

Select “Moving Average Exponential” twice (you need two).

For the first EMA, click the settings:

Set Length to 50.

Change color if preferred (e.g., white).

For the second EMA:

Set Length to 200.

Use a different color for distinction.

B. Stochastic RSI

Click Indicators again.

Search “Stochastic RSI”.

Select it under Technicals.

Use default settings.

📏 2. Understand the Indicator Behavior

Stochastic RSI:

Above 80 = Overbought (possible price correction down).

Below 20 = Oversold (possible price correction up).

Use Stochastic RSI only for entry confirmation, not during a trade.

📈 3. Rules for Trade Setup

Trade only when the price breaks through the 50 or 200 EMA.

Avoid trading if the price is moving between the two EMAs.

Only enter after a clear break away from both EMAs.

Wait for 2–3 candle closes after the EMA breakout before entering.

Confirm trade using Stochastic RSI:

Short trade: Stochastic RSI should be in overbought territory (above 80).

Long trade: Stochastic RSI should be in oversold territory (below 20).

🛒 4. Entering the Trade

Look for a breakthrough candle (price cuts through EMA).

Wait for 2nd or 3rd candle after the breakthrough to enter.

Only enter if the Stochastic RSI confirms (see above).

🛑 5. Stop Loss & Take Profit

Stop Loss:

Place it slightly above or below where most retail traders would.

Avoid obvious levels; place it a bit further to avoid getting wicked out.

Take Profit:

Aim for a Risk-Reward (RR) ratio of at least 1.5.

Optional: Use a trailing stop loss to lock in profits as the trade progresses.

🔁 6. Managing the Trade

Adjust stop loss as price moves in your favor.

Lock in guaranteed profit once trade moves beyond entry.

Be realistic—not all setups are perfect.

🧠 7. Important Strategy Notes

Do NOT trade when price is stuck between the 50 and 200 EMA.

Skip trades where Stochastic RSI is already in the opposite zone (e.g., oversold for shorts).

Retests:

A wick retest (no close above EMA) can still be valid.

If candle closes above the EMA on retest, avoid the trade.

Strategy yields 2–3 trades/day on average—quality over quantity.

Use logic and discretion—the setup must make sense.

🔗 Follow: @CryptoGoatiz on X x.com/CryptoGoatiz

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