OPEN-SOURCE SCRIPT
Trend Pullback EMA Combo: Algorithmic Trend Following
This strategy is designed to capture high-probability trend continuations by identifying "pullbacks" within a strong structural trend. By combining the long-term smoothing of EMA 200 with the medium-term EMA 50 and the momentum oscillators of WaveTrend (VuManChu style), it filters out noise and enters trades only when price momentum aligns with the primary market direction.
he system evaluates the market based on three layers of confirmation:
Trend Filter: Defines the primary direction via EMA 200.
Pullback Zone: Looks for price positioning between EMA 50 and EMA 200 to ensure we aren't chasing overextended moves.
Trigger: Uses a crossover of WaveTrend (WT1 & WT2) to identify the momentum shift.
Entry Logic:
Long: Price > EMA 200 AND Price < EMA 50 AND WT1 crosses over WT2.
Short: Price < EMA 200 AND Price > EMA 50 AND WT1 crosses under WT2.
I am committed to making this tool as effective as possible. Your feedback is invaluable! Please share your backtest results in the comments below. If you have ideas for technical improvements or code optimizations, feel free to suggest them. Together, we can refine this system for the whole community
Disclaimer: Trading involves significant risk of loss and is not suitable for all investors. Past performance does not guarantee future results. This script is for educational purposes only. Never trade with money you cannot afford to lose.
he system evaluates the market based on three layers of confirmation:
Trend Filter: Defines the primary direction via EMA 200.
Pullback Zone: Looks for price positioning between EMA 50 and EMA 200 to ensure we aren't chasing overextended moves.
Trigger: Uses a crossover of WaveTrend (WT1 & WT2) to identify the momentum shift.
Entry Logic:
Long: Price > EMA 200 AND Price < EMA 50 AND WT1 crosses over WT2.
Short: Price < EMA 200 AND Price > EMA 50 AND WT1 crosses under WT2.
I am committed to making this tool as effective as possible. Your feedback is invaluable! Please share your backtest results in the comments below. If you have ideas for technical improvements or code optimizations, feel free to suggest them. Together, we can refine this system for the whole community
Disclaimer: Trading involves significant risk of loss and is not suitable for all investors. Past performance does not guarantee future results. This script is for educational purposes only. Never trade with money you cannot afford to lose.
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
🔓 Unlock all my premium indicators & tools. Join here: whop.com/joined/mystrategyhub/trading-view-Vs8vKSmd5GTCLD/app/
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。