OPEN-SOURCE SCRIPT
55 Moving Average Fan
EMA 26/55/100/200 fan system. Cross signals, fan-out detection, EMA 55 retest entries, 200 EMA as invalidation line.
Three states: stacked bull (26>55>100>200, fanned out by min %), stacked bear (mirror), neutral. EMA 55 retests in a fanned bull state are buy opportunities; 200 EMA = SL invalidation.
How to use:
Best on daily ; also works on 4H
Look for "Cross up/down" labels at EMA 26/55 crosses
After fan-out, dip to EMA 55 = entry (triangle up/down marker)
SL below EMA 200 in bull regime, above in bear
Alerts: 26/55 Cross Up/Down, 55 Retest Buy/Sell, Bull/Bear Fan-out.
Three states: stacked bull (26>55>100>200, fanned out by min %), stacked bear (mirror), neutral. EMA 55 retests in a fanned bull state are buy opportunities; 200 EMA = SL invalidation.
How to use:
Best on daily ; also works on 4H
Look for "Cross up/down" labels at EMA 26/55 crosses
After fan-out, dip to EMA 55 = entry (triangle up/down marker)
SL below EMA 200 in bull regime, above in bear
Alerts: 26/55 Cross Up/Down, 55 Retest Buy/Sell, Bull/Bear Fan-out.
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.