OPEN-SOURCE SCRIPT
EMA Break & Retest + Trend Table
This script is designed to identify potential buy and sell trading opportunities based on 21 EMA (Exponential Moving Average) break and retest patterns, with confirmation from multi-timeframe trend analysis. It combines actionable signal generation with a clean, real-time trend overview table.
✅ 1. EMA Break & Retest Logic
Detects when the price crosses above or below the 21 EMA and then closes in the direction of the breakout.
Generates buy signals on upward break/retest, and sell signals on downward break/retest.
✅ 2. Multi-Timeframe Confirmation
Filters signals using higher timeframe trends to avoid false entries.
Buy signals are shown only if the 1H or 4H trend is bullish.
Sell signals are shown only if the 1H or 4H trend is bearish.
✅ 3. Visual Signal Plotting
Displays green "BUY" labels below bars and red "SELL" labels above bars.
Users can toggle buy/sell signals on or off with checkboxes.
✅ 4. Alerts
Built-in alertcondition() functions allow traders to set real-time alerts when buy or sell signals are triggered.
✅ 5. Multi-Timeframe Trend Table
A dynamic table appears in the top-right corner showing trend status across:
Daily (D)
4 Hour (4H)
1 Hour (1H)
15 Minute (15M)
5 Minute (5M)
Each timeframe is marked as Bullish (green) or Bearish (red) depending on the current price vs. 21 EMA.
The latest signal (“BUY” / “SELL” / “—”) is displayed at the bottom of the table.
✅ 1. EMA Break & Retest Logic
Detects when the price crosses above or below the 21 EMA and then closes in the direction of the breakout.
Generates buy signals on upward break/retest, and sell signals on downward break/retest.
✅ 2. Multi-Timeframe Confirmation
Filters signals using higher timeframe trends to avoid false entries.
Buy signals are shown only if the 1H or 4H trend is bullish.
Sell signals are shown only if the 1H or 4H trend is bearish.
✅ 3. Visual Signal Plotting
Displays green "BUY" labels below bars and red "SELL" labels above bars.
Users can toggle buy/sell signals on or off with checkboxes.
✅ 4. Alerts
Built-in alertcondition() functions allow traders to set real-time alerts when buy or sell signals are triggered.
✅ 5. Multi-Timeframe Trend Table
A dynamic table appears in the top-right corner showing trend status across:
Daily (D)
4 Hour (4H)
1 Hour (1H)
15 Minute (15M)
5 Minute (5M)
Each timeframe is marked as Bullish (green) or Bearish (red) depending on the current price vs. 21 EMA.
The latest signal (“BUY” / “SELL” / “—”) is displayed at the bottom of the table.
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.