Simple Breakout + EMA 9

Overview
This technical indicator is designed to identify potential entry points in trending markets by combining EMA (Exponential Moving Average) crossovers with price action confirmation. The indicator works across all timeframes and is particularly effective in capturing the beginning of strong trend movements.
Technical Components
Key Components

-- made by @immortaltraderA on twitter --

EMA9 (9-period Exponential Moving Average)
Price action analysis
Lower high pattern recognition
Closing price confirmation

Entry Conditions
The indicator generates a buy signal when ALL of the following conditions are met in sequence:

Price moves above the EMA9
A lower high forms after the initial EMA9 crossover
Price breaks above the lower high
First signal confirmation after these conditions are met

Exit Conditions
The position should be closed when:

Price closes below the EMA9
Must wait for the candle to complete its close for confirmation

Implementation Guidelines
Signal Generation Process

Monitor EMA9 crossovers
After an upward crossover, track price action for lower high formation
When a lower high is broken, generate entry signal
Monitor closing prices relative to EMA9 for exit signals

Risk Management

Entry Points:

Wait for candle close above the breakout level
Confirm volume is supporting the movement


Stop Loss Considerations:

Consider placing stops below the most recent swing low
Alternative: Place stop below the EMA9 with buffer


Position Sizing:

Base position size on the distance to stop loss
Consider using fixed risk percentage per trade