Initially we have 3 .
AFter that we use them as source for 6 / for each , 5, 30, 50, 70, 90, 100. With those we create a ribbon that we are going to use in order to check the direction of the trend.
Rules for entry:
For long : if either all the /EMA's from the 2nd are telling us to go long, or all the all /EMA's from the 3rd are telling us to go long F
For short : if either all the /EMA's from the 2nd are telling us to go short, or all the all /EMA's from the 3rd are telling us to go short
We exit when we get an opposite condition than the entry one.
Caution: this strategy has no risk management inside, so use it with caution. If you have any questions , let me know !
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
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