OPEN-SOURCE SCRIPT
UT Bot Alerts + 200 EMA Filter
This indicator optimizes the classic UT Bot Alerts logic by fusing it with an institutional-grade trend filter (200 EMA). While the standard UT Bot is incredibly powerful at catching micro-trends, it is notoriously prone to severe "choppy market" losses and false entries when a market consolidates.
This script solves that vulnerability. It dynamically filters out counter-trend noise, ensuring you only receive execution-ready signals that align with the macro momentum of the market.
This script solves that vulnerability. It dynamically filters out counter-trend noise, ensuring you only receive execution-ready signals that align with the macro momentum of the market.
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.