OPEN-SOURCE SCRIPT
ES EMA Pullback System
Filter 1 — Trend Direction
This is determined by the EMA stack.
Bullish
EMA9 > EMA21 > EMA50
Bearish
EMA9 < EMA21 < EMA50
Illustration:
UPTREND
price
↑
│ ●
│ ●
│ ●
│
EMA9
EMA21
EMA50
Filter 2 — Pullback to the Moving Average
You want price to return to the EMA area.
Trend move
↑
│
│
│
│
│
↓ pullback
Example:
price
│
│ ●
│ ●
│ ●
│ ●
│●
└────────────
EMA9
This is where new traders panic and exit.
Professionals enter here.
Filter 3 — Momentum Candle
We need proof that the trend is resuming.
Example bearish signal candle:
│
│ ▲ pullback
│ ▲
│▲
│
│ ▼ big red candle
│ ▼
This candle shows sellers are back in control.
5️⃣ Bearish Trade Example
Step-by-step:
Step 1 — Confirm downtrend
EMA9
EMA21
EMA50
All sloping down.
Step 2 — Wait for pullback
Price retraces toward the EMA zone.
downtrend
↓
↓
↑ pullback
↑
Step 3 — Momentum candle
A bearish candle appears.
pullback
↑
↑
▼ SELL candle
Step 4 — Enter trade
ENTRY = close of signal candle
Step 5 — Stop and target
Your system uses ATR risk management.
Example:
Entry: 5000
Stop: 5008
Target: 4984
That gives 1:2 reward/risk.
Illustration:
stop
│
│
entry ─────┼────────
│
│
target
6️⃣ Bullish Trade Example
The rules are the mirror image.
Step 1 — Confirm uptrend
EMA9 above EMA21
EMA21 above EMA50
Step 2 — Wait for pullback
trend up
↑
↑
↓ pullback
Step 3 — Bullish momentum candle
pullback
↓
↓
▲ strong green candle
Step 4 — Enter
buy at close of signal candle
Step 5 — Stop and target
target = 2x stop distance
7️⃣ When NOT to Trade
Your strategy fails in chop.
Example:
price
│ ▲
│ ▼
│ ▲
│ ▼
│ ▲
This sideways action causes:
false signals
stop outs
drawdown
Warning signs:
🚫 EMAs tangled together
🚫 No clear direction
🚫 Small candles
Illustration:
EMA9
EMA21
EMA50
all tangled
Avoid trading then.
8️⃣ Ideal Trading Session
ES moves most during:
9:30 – 11:30 AM
1:30 – 4:00 PM
Worst time:
11:30 – 1:30 (lunch chop)
9️⃣ Trade Management
Your system is designed for:
Win rate ≈ 35-40%
Reward ≈ 2x risk
That means:
Many small losses
Few big winners
Example sequence:
Loss
Loss
Win
Loss
Win
Win
Still profitable.
🔑 The Core Idea
Your strategy exploits one simple behavior:
Trends
pause
then continue
You enter during the pause.
What a Perfect Setup Looks Like
trend
↓
↓
pullback
↑
↑
momentum candle
▼
ENTRY
This is determined by the EMA stack.
Bullish
EMA9 > EMA21 > EMA50
Bearish
EMA9 < EMA21 < EMA50
Illustration:
UPTREND
price
↑
│ ●
│ ●
│ ●
│
EMA9
EMA21
EMA50
Filter 2 — Pullback to the Moving Average
You want price to return to the EMA area.
Trend move
↑
│
│
│
│
│
↓ pullback
Example:
price
│
│ ●
│ ●
│ ●
│ ●
│●
└────────────
EMA9
This is where new traders panic and exit.
Professionals enter here.
Filter 3 — Momentum Candle
We need proof that the trend is resuming.
Example bearish signal candle:
│
│ ▲ pullback
│ ▲
│▲
│
│ ▼ big red candle
│ ▼
This candle shows sellers are back in control.
5️⃣ Bearish Trade Example
Step-by-step:
Step 1 — Confirm downtrend
EMA9
EMA21
EMA50
All sloping down.
Step 2 — Wait for pullback
Price retraces toward the EMA zone.
downtrend
↓
↓
↑ pullback
↑
Step 3 — Momentum candle
A bearish candle appears.
pullback
↑
↑
▼ SELL candle
Step 4 — Enter trade
ENTRY = close of signal candle
Step 5 — Stop and target
Your system uses ATR risk management.
Example:
Entry: 5000
Stop: 5008
Target: 4984
That gives 1:2 reward/risk.
Illustration:
stop
│
│
entry ─────┼────────
│
│
target
6️⃣ Bullish Trade Example
The rules are the mirror image.
Step 1 — Confirm uptrend
EMA9 above EMA21
EMA21 above EMA50
Step 2 — Wait for pullback
trend up
↑
↑
↓ pullback
Step 3 — Bullish momentum candle
pullback
↓
↓
▲ strong green candle
Step 4 — Enter
buy at close of signal candle
Step 5 — Stop and target
target = 2x stop distance
7️⃣ When NOT to Trade
Your strategy fails in chop.
Example:
price
│ ▲
│ ▼
│ ▲
│ ▼
│ ▲
This sideways action causes:
false signals
stop outs
drawdown
Warning signs:
🚫 EMAs tangled together
🚫 No clear direction
🚫 Small candles
Illustration:
EMA9
EMA21
EMA50
all tangled
Avoid trading then.
8️⃣ Ideal Trading Session
ES moves most during:
9:30 – 11:30 AM
1:30 – 4:00 PM
Worst time:
11:30 – 1:30 (lunch chop)
9️⃣ Trade Management
Your system is designed for:
Win rate ≈ 35-40%
Reward ≈ 2x risk
That means:
Many small losses
Few big winners
Example sequence:
Loss
Loss
Win
Loss
Win
Win
Still profitable.
🔑 The Core Idea
Your strategy exploits one simple behavior:
Trends
pause
then continue
You enter during the pause.
What a Perfect Setup Looks Like
trend
↓
↓
pullback
↑
↑
momentum candle
▼
ENTRY
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.