OPEN-SOURCE SCRIPT
已更新 5 EMA STRATEGY by Power of Stocks(StockYogi)
5 EMA STRATEGY by Power of Stocks(StockYogi)
This is a 5 EMA Breakout Strategy inspired by the trading principles taught by Shubhashi Pani, founder of the Power of Stocks (POS) community.
The strategy is designed to:
• Detect breakout setups when price breaks the high/low of a signal candle (based on EMA conditions)
• Enter trades only if the breakout occurs within the next 3 candles
• Allow multiple trades in the same direction without closing the earlier one
• Use independent stop-loss (SL) and take-profit (TP) targets for each trade based on a user-defined risk-reward ratio
• Optionally enter trades only at candle close
• Optionally avoid trades during a custom time window (e.g., 3:00 PM to 3:30 PM IST)
• Optionally close all open positions at a defined time (e.g., 3:30 PM IST)
The goal of this strategy is to provide greater flexibility and realism for intraday or short-term traders following structured breakout systems.
Disclaimer: This script is an implementation of technical ideas for educational purposes only. It is not financial advice. All trading involves risk, and past performance does not guarantee future results.
Strategy Credits:
This strategy is based on publicly known breakout rules taught by Shubhashi Pani (Power of Stocks). This is not an official POS script, and I am not affiliated with the Power of Stocks team. This implementation was developed independently to follow the logic shared for educational use.
Feel free to use, backtest, and modify according to your needs. Constructive feedback is welcome!
This is a 5 EMA Breakout Strategy inspired by the trading principles taught by Shubhashi Pani, founder of the Power of Stocks (POS) community.
The strategy is designed to:
• Detect breakout setups when price breaks the high/low of a signal candle (based on EMA conditions)
• Enter trades only if the breakout occurs within the next 3 candles
• Allow multiple trades in the same direction without closing the earlier one
• Use independent stop-loss (SL) and take-profit (TP) targets for each trade based on a user-defined risk-reward ratio
• Optionally enter trades only at candle close
• Optionally avoid trades during a custom time window (e.g., 3:00 PM to 3:30 PM IST)
• Optionally close all open positions at a defined time (e.g., 3:30 PM IST)
The goal of this strategy is to provide greater flexibility and realism for intraday or short-term traders following structured breakout systems.
Disclaimer: This script is an implementation of technical ideas for educational purposes only. It is not financial advice. All trading involves risk, and past performance does not guarantee future results.
Strategy Credits:
This strategy is based on publicly known breakout rules taught by Shubhashi Pani (Power of Stocks). This is not an official POS script, and I am not affiliated with the Power of Stocks team. This implementation was developed independently to follow the logic shared for educational use.
Feel free to use, backtest, and modify according to your needs. Constructive feedback is welcome!
版本注释
5 EMA STRATEGY by Power of Stocks(StockYogi)This is a 5 EMA Breakout Strategy inspired by the trading principles taught by Shubhashi Pani, founder of the Power of Stocks (POS) community.
The strategy is designed to:
• Detect breakout setups when price breaks the high/low of a signal candle (based on EMA conditions)
• Enter trades only if the breakout occurs within the next 3 candles
• Allow multiple trades in the same direction without closing the earlier one
• Use independent stop-loss (SL) and take-profit (TP) targets for each trade based on a user-defined risk-reward ratio
• Optionally enter trades only at candle close
• Optionally avoid trades during a custom time window (e.g., 3:00 PM to 3:30 PM IST)
• Optionally close all open positions at a defined time (e.g., 3:30 PM IST)
The goal of this strategy is to provide greater flexibility and realism for intraday or short-term traders following structured breakout systems.
Disclaimer: This script is an implementation of technical ideas for educational purposes only. It is not financial advice. All trading involves risk, and past performance does not guarantee future results.
Strategy Credits:
This strategy is based on publicly known breakout rules taught by Shubhashi Pani (Power of Stocks). This is not an official POS script, and I am not affiliated with the Power of Stocks team. This implementation was developed independently to follow the logic shared for educational use.
Feel free to use, backtest, and modify according to your needs. Constructive feedback is welcome!
版本注释
This is a 5 EMA Breakout Strategy inspired by the trading principles taught by Shubhashi Pani, founder of the Power of Stocks (POS) community.The strategy is designed to:
• Detect breakout setups when price breaks the high/low of a signal candle (based on EMA conditions)
• Enter trades only if the breakout occurs within the next 3 candles
• Allow multiple trades in the same direction without closing the earlier one
• Use independent stop-loss (SL) and take-profit (TP) targets for each trade based on a user-defined risk-reward ratio
• Optionally enter trades only at candle close
• Optionally avoid trades during a custom time window (e.g., 3:00 PM to 3:30 PM IST)
• Optionally close all open positions at a defined time (e.g., 3:30 PM IST)
The goal of this strategy is to provide greater flexibility and realism for intraday or short-term traders following structured breakout systems.
Disclaimer: This script is an implementation of technical ideas for educational purposes only. It is not financial advice. All trading involves risk, and past performance does not guarantee future results.
Strategy Credits:
This strategy is based on publicly known breakout rules taught by Shubhashi Pani (Power of Stocks). This is not an official POS script, and I am not affiliated with the Power of Stocks team. This implementation was developed independently to follow the logic shared for educational use.
Feel free to use, backtest, and modify according to your needs. Constructive feedback is welcome!
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。