OPEN-SOURCE SCRIPT

Multi Ema Buy/Sell

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Core Strategy Components:


Uses a triple EMA system (14, 55, 200 periods) for trend confirmation
Primary signals occur on Fast/Slow EMA crossovers
Mid EMA acts as a filter/confirmation level
Signal quality checks through proximity thresholds
Trend detection based on Fast EMA position relative to Slow EMA


Signal Filtering Mechanisms:


Requires Fast EMA to be near Mid EMA (within 2% by default)
Implements 5-bar minimum cooldown between signals
Optional RSI filter with overbought/oversold levels
Special handling for trend change situations
Relaxed proximity requirements during trend transitions


Visualization Features:


Three EMA lines with distinct colors

Fast EMA: Blue
Mid EMA: Green
Slow EMA: Red


Background color fills between EMAs
Trend change highlights in purple
Buy/Sell arrows at signal points
Optional price labels with signal prices
Customizable label sizes


Advanced Features:


Dynamic threshold adjustment during trend changes
Alternative signal generation on confirmed trend changes
Dual fill system for better trend visualization
Extended signal validation through multiple conditions
Price level tracking with optional extended lines


User Customization:


Adjustable EMA periods
Modifiable proximity thresholds
Signal cooldown period control
RSI parameters (length, levels)
Visual element toggles
Label size options


Risk Management:


Alert system for both buy and sell signals
Clear trend change identification
Multiple confirmation requirements for signals
Visual aids for tracking price levels

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