Double EMA 9-15 & Chandelier Exit v.02

昨天

Strategy Description: EMA Pullback Strategy with Chandelier Confirmation v0.2

This strategy combines a short-term EMA pullback setup with confirmation from the Chandelier Exit indicator. The goal is to capture pullbacks in trending markets and confirm their validity using volatility-based stops.

EMA 9-15 Pullback Logic:

The script calculates two EMAs (Exponential Moving Averages) of periods 9 and 15.
A buy signal is generated when:
The price pulls back and closes above the 9 EMA.
The 9 EMA remains above the 15 EMA, confirming an upward trend.
A sell signal is generated under similar conditions in the opposite direction.
Chandelier Exit Confirmation:

The Chandelier Exit is calculated using the ATR (Average True Range) to identify dynamic trailing stops.
A signal is confirmed only if the Chandelier Exit agrees with the EMA pullback setup:
For long signals, the price should be above the Chandelier's trailing stop for longs.
For short signals, the price should be below the Chandelier's trailing stop for shorts.
Additional Features:


45-90 EMA are implemented as secondary indicators for further analysis and this ema used as next time frame 9 and 15 ema
.RSI Divergence can add for more confirmation and
This setup is ideal for traders looking to capitalize on retracements within trending markets while using robust confirmation methods to filter false signals.

Disclaimer:
This script is intended for informational and educational purposes only. It combines multiple technical analysis tools, including EMA pullback signals, RSI divergence, Chandelier Exit, and 4 EMA crossovers, to assist traders in identifying potential trading opportunities.

Key Notes:

Past performance of any strategy or indicator is not indicative of future results.
This script does not provide financial, investment, or trading advice. Users are responsible for conducting their own analysis and decision-making.
The effectiveness of this strategy may vary based on market conditions, and it should be used in conjunction with proper risk management and additional confirmation tools.
Always test strategies on historical data and paper trading environments before deploying them in live markets.
By using this script, you acknowledge and accept that trading involves significant risks and may result in the loss of your invested capital. Consult with a financial professional if you are unsure about your trading or investment decisions.