Another EMA/RSI trend indicator

17 mag

Another EMA/RSI trend indicator is a trend-following trade signal and back-testing tool. It leverages EMA, RSI, ATR, volume, and price breakouts to generate and track buy/sell signals, manage trades, and display performance statistics.
EMA (Exponential Moving Average): Used for identifying trend direction.
RSI (Relative Strength Index): Used to confirm momentum.
ATR (Average True Range): Used to calculate Stop Loss (SL) and Take Profit (TP) dynamically.
Volume: Only trades when current volume > average volume.
Price breakout filters: Detects bullish/bearish breakout candlesticks for signals.
Entry Logic

• Entry placed slightly above/below current price using an ATR-based buffer.
  
• Configurable SL and TP using ATR multipliers.
  
• Optional: Stop existing trade on a new opposite signal.
  
• Entry filters include price structure checks using highs/lows.
  

Visual output

• Plots Buy/Sell signals on chart
  
• Draws entry, SL, and TP lines for ongoing trades
  
• Displays trade statistics in a table (top-right):
  
• Trade count
  
• Wins/Losses/Stopped
  
• Win rate
  
• Cumulative and average profit/loss
  
• Start date
  

This is a semi-automated trading signal generator and visual back-tester aimed at helping traders:
Identify trend-based entry opportunities
Automate entry/exit evaluation using standard risk management
Evaluate performance with live stats

17 mag

Note di rilascio

Improvements on entry visualization

19 mag

Note di rilascio

Added volume check enabled/length options.

20 mag

Note di rilascio

Additional options

• Extra Filter Length
  
• Use Extra Filter (Long/Short)
  

This filter in theory should filter out some fake signals. I also recommend to turn off volume filter when using this one.

21 mag

Note di rilascio

Minor changes on extra filter

21 mag

Note di rilascio

Extra filter improvements

29 mag

Note di rilascio

Updated extra filter logic. Option changes:

• Removed Extra Filter Length
  
• Added Draw Exhaustion Signals
  
• Added Stop Signal On Exhaustion
  

Extra filtering is now based on exhaustion candles. Exhaustion triangles can be seen when "Draw Exhaustion Signals" is enabled. I also added an option to stop signals if exhaustion is noticed. Signal is stopped if it is not yet completely losing and the exhaustion is not both (bullish and bearish).

1 giu

Note di rilascio

New options for exhaustion and signal sensitivity. Min 0.5, Max 2. Where 2 is very sensitive.
Extra filter logic changes
New options:
Stop On Stop Loss Without Entry - stops signal on stop loss hit if entry wasn't hit
Exhaustion Sensitivity Boost
Signal Sensitivity Boost
Signal Cooldown - works only when extra filter is used, should help to filter out extra signals when consolidation happens

2 giu

Note di rilascio

Signal improvements

9 giu

Note di rilascio

Signal detection update

15 giu

Note di rilascio

Secondary signals with option
Secondary Signal Sensitivity Boost (Min: 0, Max: 2)
Extra filter now has logic for secondary signals

16 giu

Note di rilascio

Extra filter logic update