Multi-Timeframe EMA Trend Entries with Adaptive Stops

Summary

This strategy combines EMA comparisons across very short and longer timeframes to seek directional entries. A crossover between the 15-second and 5-minute EMA bands triggers a setup, while 5-second versus 1-minute alignment, a 15-minute trend check, and optional ADX and EMA-distance filters add confirmation. It supports configurable trade quantity and can enter both long and short positions, although manual hold disables new short entries.

Stops use EMA bands from several timeframes. For longs, the script selects a stop level according to the highest timeframe whose EMA band is below price; users can also choose a stop stage. Shorts use a similar timeframe hierarchy. Positions may also close when the short-term trend signals reverse. The document provides implementation details and chart-display features, but no performance results or validation. Its rules depend on timeframe data and user settings, so results may vary by market and chart timeframe; transaction costs and execution assumptions are not discussed.

Key ideas

• Entries require short-term EMA alignment, a crossover, and confirmation against a longer-timeframe trend EMA.
• Optional ADX and EMA-distance filters aim to avoid weak or compressed conditions.
• Stop levels are selected from EMA bands across multiple timeframes, with a manual stage option for long positions.
• Opposing short-term trend alignment can close an open position.
• The script supplies no backtest evidence or transaction cost assumptions.

Tags

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