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Trend follower

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This indicator is a trend follower that uses exponential moving averages to estimate the trend strength and prints a BUY label every time that price action matches the algorithm conditions. Always wait for the closure of the current candle to confirm the conditions match.

Ideally, the trade should be taken with a BUY STOP order placed above the signal candle and a STOP LOSS below the most recent swing low; make sure you allow enough room for the trade to breathe.

For additional resources, follow my YouTube channel.
You can also join my Facebook group or PM me directly here on Tradingview.
版本注释
- Added "Close" label
- Added customizable profit taking aggressiveness
Exponential Moving Average (EMA)exponantial_moving_avarageMoving AveragesmovingaveragepriceactionTrend Analysistrendcontinuationtrendfollowingtrendtrading

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