EMA + Fibonacci Pivot Break Strategy
It supports both long and short entries.
Entry: A single bullish candle must open at or below both the EMA and selected long pivot, then close above both. Shorts use the inverse conditions: a bearish candle opens at or above both levels and closes below both.
Pivots: Fibonacci pivots are the default, using the previous completed pivot period. You can switch to Traditional pivots, choose the pivot timeframe, and select breakout levels; defaults are R1 for longs and S1 for shorts.
Risk: Default stop is the signal candle’s low/high, with an optional tick buffer. Alternatively, use an ATR-based stop. The take-profit defaults to 2R and is adjustable.
Time filter: Optional and off by default. When enabled, it uses the chosen session and timezone; the default timezone is UTC.
Execution: The strategy is configured to enter on the signal candle’s close. The prior-period pivot calculation avoids using unfinished higher-timeframe candles.
Entry: A single bullish candle must open at or below both the EMA and selected long pivot, then close above both. Shorts use the inverse conditions: a bearish candle opens at or above both levels and closes below both.
Pivots: Fibonacci pivots are the default, using the previous completed pivot period. You can switch to Traditional pivots, choose the pivot timeframe, and select breakout levels; defaults are R1 for longs and S1 for shorts.
Risk: Default stop is the signal candle’s low/high, with an optional tick buffer. Alternatively, use an ATR-based stop. The take-profit defaults to 2R and is adjustable.
Time filter: Optional and off by default. When enabled, it uses the chosen session and timezone; the default timezone is UTC.
Execution: The strategy is configured to enter on the signal candle’s close. The prior-period pivot calculation avoids using unfinished higher-timeframe candles.
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.
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.