OPEN-SOURCE SCRIPT
Clean MA Signal - US30 [5m]
🎯 Clean MA Signal — US30 / Dow Jones [5m]
A simple, high-quality signal indicator built specifically for US30 on the 5-minute timeframe. Designed to give 3-5 clean signals per NY session — no noise, no clutter.
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HOW IT WORKS
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- 3 EMAs (8 / 21 / 50) must fully stack in the same direction before any signal fires
- Early entry detection — catches the move 1-2 bars before a full crossover
- 15m HTF trend filter — only trades in the direction of the bigger trend
- RSI + ADX filters — avoids ranging markets and overbought/oversold traps
- Candle body filter — ignores doji and indecision candles
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STOP LOSS
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- Based on the swing high/low of the last 5 bars + ATR buffer
- Respects real price structure — not just a fixed ATR distance
- Much less likely to get wicked out vs standard ATR stops
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TAKE PROFIT LEVELS
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- TP1 (1.5× ATR) — take partial, move SL to breakeven
- TP2 (3.0× ATR) — take 50% of remaining
- TP3 (5.0× ATR) — full exit
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RECOMMENDED SETTINGS
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- Timeframe: 5m
- Session: NY only (06:30–13:00 LA time)
- Best used on: US30 / Dow Jones
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RISK DISCLAIMER
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This indicator is for educational purposes only. Past performance does not guarantee future results. Always use proper risk management. Never risk more than you can afford to lose.
A simple, high-quality signal indicator built specifically for US30 on the 5-minute timeframe. Designed to give 3-5 clean signals per NY session — no noise, no clutter.
━━━━━━━━━━━━━━━━━━━━━━━━
HOW IT WORKS
━━━━━━━━━━━━━━━━━━━━━━━━
- 3 EMAs (8 / 21 / 50) must fully stack in the same direction before any signal fires
- Early entry detection — catches the move 1-2 bars before a full crossover
- 15m HTF trend filter — only trades in the direction of the bigger trend
- RSI + ADX filters — avoids ranging markets and overbought/oversold traps
- Candle body filter — ignores doji and indecision candles
━━━━━━━━━━━━━━━━━━━━━━━━
STOP LOSS
━━━━━━━━━━━━━━━━━━━━━━━━
- Based on the swing high/low of the last 5 bars + ATR buffer
- Respects real price structure — not just a fixed ATR distance
- Much less likely to get wicked out vs standard ATR stops
━━━━━━━━━━━━━━━━━━━━━━━━
TAKE PROFIT LEVELS
━━━━━━━━━━━━━━━━━━━━━━━━
- TP1 (1.5× ATR) — take partial, move SL to breakeven
- TP2 (3.0× ATR) — take 50% of remaining
- TP3 (5.0× ATR) — full exit
━━━━━━━━━━━━━━━━━━━━━━━━
RECOMMENDED SETTINGS
━━━━━━━━━━━━━━━━━━━━━━━━
- Timeframe: 5m
- Session: NY only (06:30–13:00 LA time)
- Best used on: US30 / Dow Jones
━━━━━━━━━━━━━━━━━━━━━━━━
RISK DISCLAIMER
━━━━━━━━━━━━━━━━━━━━━━━━
This indicator is for educational purposes only. Past performance does not guarantee future results. Always use proper risk management. Never risk more than you can afford to lose.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.