OPEN-SOURCE SCRIPT
20 EMA Trend Pullback Alert - Calls & Puts
The updated Pine Script identifies high-quality 20 EMA pullback setups on a 2-minute chart for both calls and puts. It filters signals using EMA slope strength, recent trend quality, price proximity to the EMA, a “not too extended” rule, and a recent push-away-from-EMA requirement to reduce chop signals. It plots CALL/PUT labels on valid pullbacks and provides separate TradingView alerts for bullish and bearish setups.
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.