OPEN-SOURCE SCRIPT
EMA Multi-TF Strategy + Red Filter
We're using a Cascade Trading (Multi-Timeframe) system, which is one of the most robust methods for avoiding being misled by market "noise."
🛡️ The Concept: Triple Confirmation
Your strategy is based on a simple principle: Strength in numbers. Instead of looking at a single chart, the script scans three timeframes simultaneously (5 min, 15 min, 1 hour). It will only give you a signal if all three are perfectly aligned in the same direction.
⚙️ Technical Operation
The script monitors your three exponential moving averages (EMAs):
6-period EMA (Yellow): The fastest, it closely follows the price.
9-period EMA (Green): The intermediate one, it confirms the momentum.
12-period EMA (Red): The slowest, it serves as the baseline.
📈 BUY Signal (Bullish)
All conditions must be met on all 3 timeframes:
Yellow is above Green.
Green is above Red.
Result: The chart turns light green and you receive a "MULTI BUY" alert.
📉 SELL Signal (Bearish)
All conditions must be met on all 3 timeframes:
Yellow is below Green.
Green is below Red.
Result: The chart turns light red and you receive a "MULTI SELL" alert.
📱 Smartphone Alert
The script is optimized for the TradingView app:
It waits for the candle to close to validate the signal (avoids false flashing signals).
It sends a push notification directly to your phone with the asset name (e.g., BTCUSD) and the signal type.
💡 Why is this an excellent strategy?
Fewer "Fakes": If the 5-minute chart says "Buy" but the 1-hour chart is falling, the script will remain silent. It protects you against counter-trend trading.
Visibility: Even if you stay on your 5-minute chart to refine your entry, you instantly know what the "big" players are doing on the 1-hour chart.
Simplicity: It's visual. No need to think; if the colors align and your phone rings, the probability of success is statistically higher.
It's a powerful tool for trend following! Do you want me to show you how to adjust the alerts so they stop automatically after a certain time, or is that all you need?
🛡️ The Concept: Triple Confirmation
Your strategy is based on a simple principle: Strength in numbers. Instead of looking at a single chart, the script scans three timeframes simultaneously (5 min, 15 min, 1 hour). It will only give you a signal if all three are perfectly aligned in the same direction.
⚙️ Technical Operation
The script monitors your three exponential moving averages (EMAs):
6-period EMA (Yellow): The fastest, it closely follows the price.
9-period EMA (Green): The intermediate one, it confirms the momentum.
12-period EMA (Red): The slowest, it serves as the baseline.
📈 BUY Signal (Bullish)
All conditions must be met on all 3 timeframes:
Yellow is above Green.
Green is above Red.
Result: The chart turns light green and you receive a "MULTI BUY" alert.
📉 SELL Signal (Bearish)
All conditions must be met on all 3 timeframes:
Yellow is below Green.
Green is below Red.
Result: The chart turns light red and you receive a "MULTI SELL" alert.
📱 Smartphone Alert
The script is optimized for the TradingView app:
It waits for the candle to close to validate the signal (avoids false flashing signals).
It sends a push notification directly to your phone with the asset name (e.g., BTCUSD) and the signal type.
💡 Why is this an excellent strategy?
Fewer "Fakes": If the 5-minute chart says "Buy" but the 1-hour chart is falling, the script will remain silent. It protects you against counter-trend trading.
Visibility: Even if you stay on your 5-minute chart to refine your entry, you instantly know what the "big" players are doing on the 1-hour chart.
Simplicity: It's visual. No need to think; if the colors align and your phone rings, the probability of success is statistically higher.
It's a powerful tool for trend following! Do you want me to show you how to adjust the alerts so they stop automatically after a certain time, or is that all you need?
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.