EMA Crossovers Filtered by Open Interest, Volume Flow, and Ichimoku

Summary

This strategy enters when a fast EMA crosses a slower EMA, with separate filters for long and short trades. The order-flow filter passes a bullish signal when open-interest change exceeds a threshold or a smoothed volume-based flow measure is positive; bearish signals use the opposite conditions. An optional Ichimoku filter requires price to sit above the visible cloud for longs or below it for shorts. The cloud calculation accounts for its forward displacement when evaluating the current bar.

The script exposes configurable EMA, order-flow, Ichimoku, stop, and target settings. Stops can be based on ATR or a fixed percentage, while target levels are calculated at one or two ATR multiples. However, the provided excerpt ends during the plotting section and does not show exit orders that would use those calculated levels. It gives no backtest settings, results, or discussion of data quality. Open-interest symbol availability and the simplified signed-volume proxy for CVD may also affect signal behavior across markets.

Key ideas

• Entries begin with a crossover or crossunder of configurable fast and slow EMAs.
• Open-interest change or a smoothed signed-volume measure filters signals by direction.
• An optional Ichimoku cloud condition requires price to be beyond the cloud in the trade direction.
• The script calculates ATR or percentage stops and one or two ATR-based targets.
• The supplied excerpt does not show exit orders or provide backtest evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.