OPEN-SOURCE SCRIPT
Golden Gate Strong 200EMA Support Scanner
Golden Gate Strong 200EMA Support Scanner
This is a custom Pine Script scanner designed for swing trading based on the Golden Gate strategy. It identifies fresh crossovers where the 20 EMA moves above the 50 EMA and 100 EMA, ensuring that the exponential moving averages are perfectly aligned in a bullish sequence (20 > 50 > 100 > 200).
Additionally, it features a unique filter to detect a flat 200 EMA over the last 15 bars, which acts as a major, rock-solid support and magnet for the price. To prevent chasing overextended trends, the script restricts signals if the price is more than 3% away from the 20 EMA line, catching early breakouts with high win probability and tight stop losses.
This is a custom Pine Script scanner designed for swing trading based on the Golden Gate strategy. It identifies fresh crossovers where the 20 EMA moves above the 50 EMA and 100 EMA, ensuring that the exponential moving averages are perfectly aligned in a bullish sequence (20 > 50 > 100 > 200).
Additionally, it features a unique filter to detect a flat 200 EMA over the last 15 bars, which acts as a major, rock-solid support and magnet for the price. To prevent chasing overextended trends, the script restricts signals if the price is more than 3% away from the 20 EMA line, catching early breakouts with high win probability and tight stop losses.
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.