EMA Grid + Martingale Indicator (Long-Only)

Title:
EMA Grid + Martingale Indicator (Long-Only)

Short Summary:
A 4-EMA trend filter combined with a grid-based entry system and optional martingale sizing to visualize staged long entries and exits in bullish markets.

Full Description:
This indicator combines a 4-EMA trend filter with a grid-based entry system and optional martingale-style position sizing to help traders visualize staged long entries and exits in trending markets.

How It Works
1. Trend Detection: Uses two sets of EMAs (fast/slow pairs) to confirm bullish momentum. A long signal is generated when both EMA groups align in an uptrend.
2. Grid Entries: After the initial long entry, additional grid levels are triggered every time price drops by the specified grid step (in pips).
3. Martingale Sizing (Optional): Each subsequent entry can increase in size based on the defined martingale factor.
4. Weighted-Average Exit: Calculates the weighted average of all grid entries and signals an exit when the price reaches or surpasses this level plus an optional buffer.

Key Features
• 4 EMA Trend Filter with fully customizable lengths.
• Dynamic grid entries with visual labels (L1, L2, etc.).
• Optional martingale position sizing.
• Weighted-average exit with adjustable buffer.
• Customizable parameters for EMAs, grid steps, max entries, and buffer pips.
• Clear chart visualization of EMAs and entry/exit levels.

Use Cases
• For traders using cost-averaging or grid strategies in bullish markets.
• Visualizes multiple entry levels and profit targets.
• Useful for backtesting and strategy planning.

Note: This indicator is for visualization and planning purposes only. It does not execute trades automatically. It does not guarantee profits and is not financial advice.