It works with slow and fast EMA's. When the fast EMA is above the slow EMA the color is green. Overwise the color is red. The study checks this relation for 5 different timeframes. When all five timeframes shows the same signal (all red or all green) the alert is thrown.
The idea is the next:
- Buy when the slow EMA below the fast EMA on 5 timeframes
- Sell when the slow EMA above the fast EMA on 5 timeframes
- Close position when one of the timeframes changed its trend.
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