OPEN-SOURCE SCRIPT
Dual-Timeframe EMA (Auto + Input Override)
hi friends
so how to use this indiactor
two types of enteries
1.class buy the dip
consider bullish eg
when you get red signal, wait for a green signal to come after this soon
thats a long signal
prerequisite is weekly should have shown green signal(for bullish)
just switch to weekly and it will change the setting automatically for you
stop loss below the recent low
2.aggresive entry
bullish eg
where whenever price shows red entry, you consider this as a fake signal and go long immediately - I prefer this for very strong trends but not my type
since it becomes very tough to keep a proper stop loss
prerequisite weekly should be green
so how to use this indiactor
two types of enteries
1.class buy the dip
consider bullish eg
when you get red signal, wait for a green signal to come after this soon
thats a long signal
prerequisite is weekly should have shown green signal(for bullish)
just switch to weekly and it will change the setting automatically for you
stop loss below the recent low
2.aggresive entry
bullish eg
where whenever price shows red entry, you consider this as a fake signal and go long immediately - I prefer this for very strong trends but not my type
since it becomes very tough to keep a proper stop loss
prerequisite weekly should be green
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.