OPEN-SOURCE SCRIPT
Diupdate MA Trend Pullback System - V1.0
This indicator was built for traders who like using moving averages as a simple way to read trend, direction, and pullback areas.
It uses the 20 EMA, 50 EMA, and 200 EMA to help separate cleaner trending conditions from choppy, low-quality price action. When the market is showing a strong bullish or bearish structure, the background will lightly shade green or red so the current bias is easy to see at a glance. When there is no background, that usually means conditions are mixed or choppy, and I personally treat that as a warning to slow down or stay out.
The arrows are designed to mark possible pullback-continuation areas. They are not meant to be automatic buy or sell signals. They are more of a heads-up that price has pulled back toward the moving-average zone and may be worth watching for confirmation.
I also added a dashed vertical line at the regular U.S. market open, 9:30 AM Eastern, because that is an important reference point for intraday trading and helps visually separate the premarket from the main session.
The basic idea is simple:
Trade with the trend.
Wait for price to pull back.
Look for confirmation.
Avoid chop.
Manage risk first.
This is meant to be a clean visual framework for building discipline around moving-average pullback trades, not a magic signal system. Use it alongside your own market structure, risk management, and trade plan. NOT FINANCIAL ADVICE
It uses the 20 EMA, 50 EMA, and 200 EMA to help separate cleaner trending conditions from choppy, low-quality price action. When the market is showing a strong bullish or bearish structure, the background will lightly shade green or red so the current bias is easy to see at a glance. When there is no background, that usually means conditions are mixed or choppy, and I personally treat that as a warning to slow down or stay out.
The arrows are designed to mark possible pullback-continuation areas. They are not meant to be automatic buy or sell signals. They are more of a heads-up that price has pulled back toward the moving-average zone and may be worth watching for confirmation.
I also added a dashed vertical line at the regular U.S. market open, 9:30 AM Eastern, because that is an important reference point for intraday trading and helps visually separate the premarket from the main session.
The basic idea is simple:
Trade with the trend.
Wait for price to pull back.
Look for confirmation.
Avoid chop.
Manage risk first.
This is meant to be a clean visual framework for building discipline around moving-average pullback trades, not a magic signal system. Use it alongside your own market structure, risk management, and trade plan. NOT FINANCIAL ADVICE
Catatan Rilis
- Fixed trend dashboard table readability- Pruned some text that was distracting and unnecessary
- Removed gray background, just green/red now with clear trend (mostly working)
Enjoy v1.0
Catatan Rilis
- The green/red background fill was distracting so I changed it to a 'cloud' near price action instead.Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.