-This script uses a triple EMA strategy to establish trend direction and reversal points
-Inputs are smoothed with Heiken Ashi values to reduce whipsaws, while providing timely execution
-Buy and sell indications are dictated by bar color
-Bar color is dictated by the candle close value in relation to the EMAs, specifically the faster of the 3 (If candle closes above or below the fast and intermediate averages, a buy or sell signal is indicated by bar color change)
-If the close falls between the two a cautionary signal is given. The viewer can hold, or take profit, or evaluate other indicators for clues
-Best results are obtained when coupled with Bjorgum TSI and Bjorgum RSI for confirmation of signals (see TradingView profile)
Hi Bjorgum. This is a fantastic visual tool! Would it be possible to do a MTF version of this indicator? I trade the 3 minute time frame but enter/scale/exit on 1 minute, thus if in the 1 min chart would prefer the 3 EMA's to plot/display 3 min data.
Very nice!!!! Simple is the best!! Thank you very much!!!
Luisrs85
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This has become one of my favorites! Great for entering on pullbacks when you pair it with an oscillator and longer term moving average!
cjblankenship3296
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I have been using TSI for awhile! & just realized you have other scripts also, great stuff man. I have a newbie question, for triple ema strat , what color do you set standard body , borders wicks too? I am trying to accomplish same color scheme you have in photo above. appreciate it all man! cheers