OPEN-SOURCE SCRIPT
Updated 8/21 EMA Direction + Signals
A simple directional bias script using 8/21 EMA and a few internals in options.
Release Notes
Updated the script with improved trend filtering, cleaner re-entry logic, automatic higher-timeframe bias, and a more compact dashboard. The latest version also removes noisy ATR/volume entry filters and changes trade management so profitable trades are held until price closes beyond the 21 EMA, reducing unnecessary stop-outs and repeated signals.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.