OPEN-SOURCE SCRIPT
Updated Anchorman - EMA Channel + EMA + MTF Status Table PRICE BREAKOUT
Uses a high/low EMA Channel to tell you when strong price breakouts are happening plus comes with a EMA to help follow the trend if you like. I designed it so it can alert you when a single TF touch happens or a breakout alignment on MTF happens (I recommend this) its up to you also its single alert so no need to do bullish or bearish signals just one signal will alert you when a breakout happens in EITHER direction.
Release Notes
Updated text for better understand and now the TFs are CHECKBOX selectable. Release Notes
Updated/Added the following------------------------------------
Fixed the EMA text confusion. Now the MAIN EMA channel band for price breakout is first and the extra EMA you can also use is 2nd.
MTF Candle Filter (new):
Enable/disable toggle
When enabled, alerts only fire when ALL enabled TFs have same-direction candles (all bullish or all bearish)
Works with every alert when enabled
MTF Wick Filter (new):
Enable/disable toggle
Min Body Size (% of range) - minimum body size percentage (default 50%)
Max Wick Size (% of range) - maximum wick size percentage (default 30%)
Filters for strong trend candles with large bodies and small wicks
Works with every alert when enabled
Updated the status table looks cleaner and more organized with more options.
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.