The script combines my favorite signals then filters them with three EMAs.
Via the Style tab, you can choose to either have the signals color the bar and/or plot a shape above/below.
All signals can be turned off via the Inputs tab, which will remove the bar color and/or shape (if not already off in the Style tab) as well as remove the pattern from the alerts function.
Remember when using TV alerts, if you change the script settngs, you must create a new alert if you wish to be alerted for the changes you've made.
EMA FILTER LOGIC LONGS: - Price < Fast EMA & Med EMA > Slow EMA = Possible Long Entry - Price > Fast EMA & Med EMA > Slow EMA = Possible Reversal, Tighten Stop or Reduce Position
EMA FILTER LOGIC SHORTS: - Price > Fast EMA & Med EMA < Slow EMA = Possible Short Entry - Price < Fast EMA & Med EMA < Slow EMA = Possible Reversal, Tighten Stop/Reduce Position
NOTE: When using TV alerts, always choose "Once Per Bar Close" optionto ensure no false alerts are fired. Also, rememver if you change the script settngs, you must create a new alert if you wish to also be alerted for those changes.
The default settings are best suited for timeframes <1h. Timeframes >1h (with the VWAP filter still on), I recommend adjusting the VWAP Anchor Period to Weekly or above.
gmeneguzzo
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thank you for sharing, for what timeframe do you recommend default settings ?
The default settings are best suited for timeframes <1h. Timeframes >1h (with the VWAP filter still on), I recommend adjusting the VWAP Anchor Period to Weekly or above.