OPEN-SOURCE SCRIPT

EMA Reversal Point

EMA Reversal Point

The script calculates the "likely" reversal point of 2 EMAs (3 and 5 for example) and plots as a line. The points there the EMA cross are highlighted with a Purple circle.

The way I use this indicator is by visually confirming that the reversal line is diverting away from price in case of strong trends.
Divergences between reversal line and price line are good entry points.

Wait for the price bar to clear the reversal line completely before initiating trades. (No overlaps!)


This is my first indicator script so please be kind on the comments!!
Moving AveragesreversalTrend Analysis

開源腳本

在真正的TradingView精神中,這個腳本的作者以開源的方式發佈,這樣交易員可以理解和驗證它。請向作者致敬!您可以免費使用它,但在出版物中再次使用這段程式碼將受到網站規則的約束。 您可以收藏它以在圖表上使用。

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