OPEN-SOURCE SCRIPT
EMA Cloud + EMA + SMMA Trading Set
Set EMA cloud as per 144-169
Set EMA as 50
Set SMMA as 200
Look for the correct sequence of price breaks EMA50 - targetting EMA cloud further if it's a red color that will play a role of main resistance zone.
In case the price breaks even above EMA cloud - expect price action to target SMMA 200 since it points major liquidity level in that particular time frame price action.
If the price breaks above SMMA and holds in there - increase your time frame.
Best of Luck!
Set EMA as 50
Set SMMA as 200
Look for the correct sequence of price breaks EMA50 - targetting EMA cloud further if it's a red color that will play a role of main resistance zone.
In case the price breaks even above EMA cloud - expect price action to target SMMA 200 since it points major liquidity level in that particular time frame price action.
If the price breaks above SMMA and holds in there - increase your time frame.
Best of Luck!
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.