Multi-Timeframe EMA Retests with Volume and Risk-Based Targets

Summary

This strategy looks for pullbacks to a 44-period exponential moving average while price remains on the trend side of a 200-period average. A long signal requires the daily and four-hour trends to be bullish; a short signal requires both to be bearish. In either direction, the retest bar must close back beyond the faster average and volume must exceed its 20-bar average. The script also displays trend readings across daily, four-hour, hourly, and 15-minute charts.

Stops are placed beyond the signal bar’s low or high with a percentage buffer, and three reward targets are calculated as multiples of the entry risk. However, the exit orders use only the stop and the farthest target, so the nearer targets are plotted but do not trigger partial exits. The document provides rules and code but no performance results or testing evidence. Its signals and risk settings are therefore a strategy specification, not evidence of profitability; behavior may also depend on chart timeframe and market.

Key ideas

• Long entries require an upward EMA retest, bullish daily and four-hour trends, and above-average volume.
• Short entries apply the mirrored retest and trend conditions.
• The stop is set beyond the signal bar with a percentage buffer, and targets are derived from entry risk.
• Only the farthest target is connected to an exit order; nearer target levels are visual guides.
• The script provides no performance evidence, so its rules alone do not establish an edge.

Tags

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