OPEN-SOURCE SCRIPT
Strict EMA Wick Pullback Trend Continuation
This script is a strict EMA pullback entry model
designed exclusively for trend continuation traders.
It does NOT attempt to predict tops or bottoms.
It waits for established trends and enters only
on shallow pullbacks with defined risk.
OVERVIEW
This strategy is built for disciplined trend continuation trading.
It looks for shallow pullbacks into a fast EMA during established uptrends
and exits when trend structure breaks.
There is no counter-trend logic and no optimization for win rate.
ENTRY LOGIC
A long entry is triggered when:
• Price pulls back into the fast EMA area (wick touch)
• The pullback remains above the slow EMA (trend integrity)
• The candle closes bullish
• Optional: slow EMA is rising (trend filter)
RISK MANAGEMENT
• A dynamic stop is placed just below the fast EMA
• The stop only tightens — it never loosens
• Losses are small and predefined
• The system is designed to be scaled via position sizing
EXIT LOGIC
• Positions are closed when the fast EMA crosses below the slow EMA
• This represents a breakdown of trend continuation structure
WHAT THIS STRATEGY IS
• A trend continuation entry module
• Risk-first by design
• Low win-rate, high payoff profile
• Designed for trending markets
WHAT THIS STRATEGY IS NOT
• Not a reversal system
• Not a scalping strategy
• Not a signal service
• Not optimized for ranging markets
• Not a promise of profitability
IMPORTANT NOTES
• Long-only by design (BTC context)
• No repainting logic
• Best used with higher-timeframe trend confirmation
• This is a tool, not financial advice
Recommended markets: BTCUSD / BTCUSDT
Timeframe: 1D
Trend filter: ON
Risk: fixed % per trade (user-defined)
designed exclusively for trend continuation traders.
It does NOT attempt to predict tops or bottoms.
It waits for established trends and enters only
on shallow pullbacks with defined risk.
OVERVIEW
This strategy is built for disciplined trend continuation trading.
It looks for shallow pullbacks into a fast EMA during established uptrends
and exits when trend structure breaks.
There is no counter-trend logic and no optimization for win rate.
ENTRY LOGIC
A long entry is triggered when:
• Price pulls back into the fast EMA area (wick touch)
• The pullback remains above the slow EMA (trend integrity)
• The candle closes bullish
• Optional: slow EMA is rising (trend filter)
RISK MANAGEMENT
• A dynamic stop is placed just below the fast EMA
• The stop only tightens — it never loosens
• Losses are small and predefined
• The system is designed to be scaled via position sizing
EXIT LOGIC
• Positions are closed when the fast EMA crosses below the slow EMA
• This represents a breakdown of trend continuation structure
WHAT THIS STRATEGY IS
• A trend continuation entry module
• Risk-first by design
• Low win-rate, high payoff profile
• Designed for trending markets
WHAT THIS STRATEGY IS NOT
• Not a reversal system
• Not a scalping strategy
• Not a signal service
• Not optimized for ranging markets
• Not a promise of profitability
IMPORTANT NOTES
• Long-only by design (BTC context)
• No repainting logic
• Best used with higher-timeframe trend confirmation
• This is a tool, not financial advice
Recommended markets: BTCUSD / BTCUSDT
Timeframe: 1D
Trend filter: ON
Risk: fixed % per trade (user-defined)
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.