EMA Buy/Sell Alerts with ATR-based TP/SL

20 ביולי 2023

I wanted to fill a void in the Tradingview FREE indicators. I have searched far and wide on a moving average alert with ATR based take profits and stop loss. I have attempted a rudimentary version of what I hope to improve upon in the future. Will try and add different moving average options such as simple, hull, RMA, JMA, SSL, WMA, etc. For now, a basic EMA with 3 TP and a SL based on the current ATR should suffice.

I grow tired of the ATR take profits being hidden behind a paywall. Please use the script and add to your favorite indicators as you please.

Please leave feedback for future development.

6 ביוני 2024

הערות שחרור

Updated script to add a second ema for a filter

converted to pinescript 5

28 בנוב׳

הערות שחרור

v3.0 Update: Noise Reduction & The "Pro" Roadmap

Summary: This is the major "Quality of Life" update for the free community. After months of testing, I have implemented a "Signal Smoothing" engine to fix the issue of false signals during choppy/ranging markets.

What Changed in this Free Version:

Anti-Whipsaw Logic: The script now forces alternating signals (Buy -> Sell -> Buy). It prevents the "machine gun" effect of multiple buy signals in a row during a flat market.

Trend Filtering: Entries are now strictly filtered by the 200 EMA to ensure you are trading with the dominant trend.

Visual Cleanup: Added logic to auto-delete old lines so your chart stays clean.

🚀 Announcement: For Serious Futures Traders

While this free indicator is great for general-purpose charting, I have spent the last 6 months developing a specialized, institutional-grade algorithm specifically for ES/MES Futures.

If you are looking for:

🛡️ Shielded Exits: Logic that ignores wick stop-hunts.

🌊 Dynamic Volatility: SuperTrend + EMA Cloud confirmation.

⚡ 8-Minute Optimization: Tuned specifically to beat commission drag on Prop Firms.

Check out the new "EMA Trend Rider Pro":

The free script will always remain free for the community. The Pro script is for those who need an optimized edge for funded accounts.

28 בנוב׳

הערות שחרור

Wanted a better screenshot :)

28 בנוב׳

הערות שחרור

Enjoy!