OPEN-SOURCE SCRIPT
EMA 9/21 GoldenX Pro-TSL
█ OVERVIEW
EMA GoldenX Pro-TS is a trend-following strategy built around the classic EMA crossover (Golden Cross / Death Cross), enhanced with multi-layer confirmation filters and dynamic risk management. It is designed for traders who want clean, rule-based entries while avoiding choppy, low-conviction signals.
█ HOW IT WORKS
ENTRY LOGIC
• A Long entry triggers when the Fast EMA crosses above the Slow EMA (Golden Cross), confirmed by rising volume OR rising price action, AND a trending market condition (ADX filter).
• A Short entry triggers when the Fast EMA crosses below the Slow EMA (Death Cross), confirmed by rising volume OR falling price action, AND a trending market condition.
POSITION FLIPPING
• When already in a position and the opposite EMA cross occurs, the strategy can instantly close and reverse (flip). The "Flip on EMA cross only" option lets you bypass the volume/ADX filters on reversal signals — useful for fast-moving markets where waiting for full confirmation may cause late entries.
STOP-LOSS MANAGEMENT
• A dynamic ATR-based trailing stop is calculated each bar.
• A hard percentage-based maximum stop loss acts as a safety net.
• The tighter of the two is always used, providing adaptive risk control that respects both volatility and absolute drawdown limits.
█ FEATURES
• Dual EMA Crossover — Configurable Fast (default 9) and Slow (default 21) EMA periods.
• ADX Trend Filter — Filters out entries during range-bound / low-momentum conditions (ADX threshold + DI spread).
• Volume Confirmation — Requires volume above its 5-bar SMA for fresh entries.
• Price Momentum Check — Validates price direction relative to a 5-bar SMA for additional confluence.
• ATR Trailing Stop — Volatility-adjusted stop that adapts to current market conditions.
• Max Stop Loss % — Hard cap on per-trade risk as a percentage of entry price.
• Trade Direction Control — Choose Long only, Short only, or Both.
• Instant Position Flip — Optionally reverses on EMA cross without waiting for all filters to align.
• Alert Conditions — Built-in alerts for Golden Cross (Long) and Death Cross (Short) signals.
█ SETTINGS
• Fast EMA (default: 9) — Period for the fast EMA line.
• Slow EMA (default: 21) — Period for the slow EMA line.
• Trade Direction (default: Both) — Restrict to Long, Short, or trade Both sides.
• ADX Length (default: 14) — Lookback period for the ADX/DMI calculation.
• ADX Threshold (default: 20) — Minimum ADX value to qualify as a trending market.
• ATR Length (default: 14) — Lookback period for the ATR calculation.
• ATR Multiplier (default: 2.0) — Distance of the ATR trailing stop from the current close.
• Max Stop Loss % (default: 1.0%) — Maximum allowable stop distance as a % of entry price.
• Flip on EMA Cross Only (default: true) — When enabled, position reversals only require the EMA cross, bypassing volume/ADX filters for faster flips.
█ VISUAL OUTPUTS
• Orange line — Fast EMA
• Blue line — Slow EMA
• Red line — Active trailing stop level (visible only while in a position)
█ USAGE NOTES
• Originally designed and tested on TFEX SET50 Index Futures but applicable to any liquid instrument.
• Best suited for trending markets on intraday to swing timeframes.
• Adjust EMA periods and ATR multiplier to match the volatility profile of your instrument.
• Backtest thoroughly on your target market before live deployment.
█ DISCLAIMER
This strategy is provided for educational and research purposes only. Past performance does not guarantee future results. Always manage your risk and trade responsibly.
EMA GoldenX Pro-TS is a trend-following strategy built around the classic EMA crossover (Golden Cross / Death Cross), enhanced with multi-layer confirmation filters and dynamic risk management. It is designed for traders who want clean, rule-based entries while avoiding choppy, low-conviction signals.
█ HOW IT WORKS
ENTRY LOGIC
• A Long entry triggers when the Fast EMA crosses above the Slow EMA (Golden Cross), confirmed by rising volume OR rising price action, AND a trending market condition (ADX filter).
• A Short entry triggers when the Fast EMA crosses below the Slow EMA (Death Cross), confirmed by rising volume OR falling price action, AND a trending market condition.
POSITION FLIPPING
• When already in a position and the opposite EMA cross occurs, the strategy can instantly close and reverse (flip). The "Flip on EMA cross only" option lets you bypass the volume/ADX filters on reversal signals — useful for fast-moving markets where waiting for full confirmation may cause late entries.
STOP-LOSS MANAGEMENT
• A dynamic ATR-based trailing stop is calculated each bar.
• A hard percentage-based maximum stop loss acts as a safety net.
• The tighter of the two is always used, providing adaptive risk control that respects both volatility and absolute drawdown limits.
█ FEATURES
• Dual EMA Crossover — Configurable Fast (default 9) and Slow (default 21) EMA periods.
• ADX Trend Filter — Filters out entries during range-bound / low-momentum conditions (ADX threshold + DI spread).
• Volume Confirmation — Requires volume above its 5-bar SMA for fresh entries.
• Price Momentum Check — Validates price direction relative to a 5-bar SMA for additional confluence.
• ATR Trailing Stop — Volatility-adjusted stop that adapts to current market conditions.
• Max Stop Loss % — Hard cap on per-trade risk as a percentage of entry price.
• Trade Direction Control — Choose Long only, Short only, or Both.
• Instant Position Flip — Optionally reverses on EMA cross without waiting for all filters to align.
• Alert Conditions — Built-in alerts for Golden Cross (Long) and Death Cross (Short) signals.
█ SETTINGS
• Fast EMA (default: 9) — Period for the fast EMA line.
• Slow EMA (default: 21) — Period for the slow EMA line.
• Trade Direction (default: Both) — Restrict to Long, Short, or trade Both sides.
• ADX Length (default: 14) — Lookback period for the ADX/DMI calculation.
• ADX Threshold (default: 20) — Minimum ADX value to qualify as a trending market.
• ATR Length (default: 14) — Lookback period for the ATR calculation.
• ATR Multiplier (default: 2.0) — Distance of the ATR trailing stop from the current close.
• Max Stop Loss % (default: 1.0%) — Maximum allowable stop distance as a % of entry price.
• Flip on EMA Cross Only (default: true) — When enabled, position reversals only require the EMA cross, bypassing volume/ADX filters for faster flips.
█ VISUAL OUTPUTS
• Orange line — Fast EMA
• Blue line — Slow EMA
• Red line — Active trailing stop level (visible only while in a position)
█ USAGE NOTES
• Originally designed and tested on TFEX SET50 Index Futures but applicable to any liquid instrument.
• Best suited for trending markets on intraday to swing timeframes.
• Adjust EMA periods and ATR multiplier to match the volatility profile of your instrument.
• Backtest thoroughly on your target market before live deployment.
█ DISCLAIMER
This strategy is provided for educational and research purposes only. Past performance does not guarantee future results. Always manage your risk and trade responsibly.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.