Multi-Timeframe EMA Trend Entries with Pullbacks and Breakouts
Summary
This strategy combines lower-timeframe trend structure with a higher-timeframe bias filter. It defines direction using fast, slow, and trend EMAs, then looks for entries on pullbacks that reclaim the slow EMA or VWAP, or on breaks beyond recent highs or lows. RSI direction and threshold checks further filter signals, while a state controller limits repeated entries in the same direction until price crosses the trend EMA.
The higher timeframe is selected from the chart interval, and its EMA alignment blocks trades against a clearly opposing bias. The script also displays a ROC-based momentum measure and plots the trend indicators, signals, and bias. The document describes rules and configurable inputs but provides no backtest results or performance evidence. Its higher-timeframe data uses lookahead, which can expose future values in historical calculations and make results appear more favorable than live behavior. ATR is calculated but does not set exits; no stop-loss or profit target is specified. The description recommends trending markets and further testing, so market suitability and live execution remain unestablished.
Key ideas
- EMA ordering and price relative to a trend EMA define lower-timeframe direction.
- Higher-timeframe EMA alignment filters out signals that oppose a strong larger-scale bias.
- Entries use EMA or VWAP pullbacks with candle confirmation, or breakouts beyond recent extremes.
- RSI conditions and a state controller filter entries and reduce repeated same-direction signals.
- The script includes no explicit protective exits or performance evidence, and its lookahead setting may distort historical signals.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.