OPEN-SOURCE SCRIPT
EMA Ribbon Reversal + Retest Signal
🧩 1. Core Concept
This indicator combines EMA ribbon trend detection, reversal identification, and EMA144/233 retest confirmation to capture structured market transitions.
It’s designed to:
Detect trend changes when all EMAs align.
Confirm entry zones when price retests major EMAs (144, 233).
Avoid false signals through compression, volume, and body strength filters.
🧠 2. How to Read the Indicator on Chart
🟢 BUY Sequence (Bullish Scenario)
Reversal Detected → Candle closes above all EMAs (label: “BUY”).
Retest Phase → Price pulls back to EMA144 or EMA233 but stays above (label: “Retest BUY Strong/Weak”).
Confirmation → A bullish candle forms with strong volume — continuation likely.
Trend continues upward until opposite “SELL Reversal” occurs.
🔴 SELL Sequence (Bearish Scenario)
Reversal Detected → Candle closes below all EMAs (label: “SELL”).
Retest Phase → Price retests EMA144/233 from below but fails to break up (label: “Retest SELL Strong/Weak”).
Confirmation → Bearish candle + strong volume — continuation likely.
Downtrend continues until new “BUY Reversal” appears.
📈 3. How to Use in Real Trading
Step 1 — Identify Market Context
Use higher timeframe (e.g., 1H or 4H) to confirm main trend via EMA144 & 233.
Avoid entries during flat EMA ribbons (compression zones).
Step 2 — Watch for Reversal Signal
“BUY” or “SELL” label = early trend shift.
Wait for at least one candle close after the reversal for confirmation.
Step 3 — Wait for Retest Confirmation
Price should touch or bounce near EMA144/233.
“Retest BUY/SELL Strong” = higher probability entry zone.
Step 4 — Filter by Volume
Strong signals appear only if volume > SMA(volume) × multiplier.
Low-volume retests are weaker and more likely to fail.
Step 5 — Manage Trades
Enter on confirmed “Strong” retests.
Use EMA233 or ATR-based stop loss.
Exit on opposite reversal or loss of trend alignment.
💡 4. Reading Behavior Tips
EMA compression low (<0.2) → sideways market → avoid entries.
Strong retest + high volume → high probability continuation.
Weak retest or compressed EMA → caution; may be fakeout.
EMA144 & 233 cross → long-term trend shift zone.
Spaced signals = stable trend; clustered signals = volatility zone.
🔔 5. Using Alerts
You can set TradingView alerts for:
BUY/SELL Reversal: Trend direction change
Retest BUY/SELL Strong: Confirmation entry
BUY/SELL Breakout: First strong test after new reversal
This indicator combines EMA ribbon trend detection, reversal identification, and EMA144/233 retest confirmation to capture structured market transitions.
It’s designed to:
Detect trend changes when all EMAs align.
Confirm entry zones when price retests major EMAs (144, 233).
Avoid false signals through compression, volume, and body strength filters.
🧠 2. How to Read the Indicator on Chart
🟢 BUY Sequence (Bullish Scenario)
Reversal Detected → Candle closes above all EMAs (label: “BUY”).
Retest Phase → Price pulls back to EMA144 or EMA233 but stays above (label: “Retest BUY Strong/Weak”).
Confirmation → A bullish candle forms with strong volume — continuation likely.
Trend continues upward until opposite “SELL Reversal” occurs.
🔴 SELL Sequence (Bearish Scenario)
Reversal Detected → Candle closes below all EMAs (label: “SELL”).
Retest Phase → Price retests EMA144/233 from below but fails to break up (label: “Retest SELL Strong/Weak”).
Confirmation → Bearish candle + strong volume — continuation likely.
Downtrend continues until new “BUY Reversal” appears.
📈 3. How to Use in Real Trading
Step 1 — Identify Market Context
Use higher timeframe (e.g., 1H or 4H) to confirm main trend via EMA144 & 233.
Avoid entries during flat EMA ribbons (compression zones).
Step 2 — Watch for Reversal Signal
“BUY” or “SELL” label = early trend shift.
Wait for at least one candle close after the reversal for confirmation.
Step 3 — Wait for Retest Confirmation
Price should touch or bounce near EMA144/233.
“Retest BUY/SELL Strong” = higher probability entry zone.
Step 4 — Filter by Volume
Strong signals appear only if volume > SMA(volume) × multiplier.
Low-volume retests are weaker and more likely to fail.
Step 5 — Manage Trades
Enter on confirmed “Strong” retests.
Use EMA233 or ATR-based stop loss.
Exit on opposite reversal or loss of trend alignment.
💡 4. Reading Behavior Tips
EMA compression low (<0.2) → sideways market → avoid entries.
Strong retest + high volume → high probability continuation.
Weak retest or compressed EMA → caution; may be fakeout.
EMA144 & 233 cross → long-term trend shift zone.
Spaced signals = stable trend; clustered signals = volatility zone.
🔔 5. Using Alerts
You can set TradingView alerts for:
BUY/SELL Reversal: Trend direction change
Retest BUY/SELL Strong: Confirmation entry
BUY/SELL Breakout: First strong test after new reversal
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.