EMA 8 x EMA 80 Indicator Trend Filter for the 123 PatternEMA 8 x EMA 80 Indicator Trend Filter for the 123 Pattern
This indicator displays two Exponential Moving Averages EMA with 8 and 80 periods, designed to assist in trend identification and to act as a filter for trading the 123 buy and sell pattern.
General usage rules
123 Buy: recommended only when trading in an uptrend
123 Sell: recommended only when trading in a downtrend
Moving average filter
Buy setups 123 Buy tend to be more reliable when price is above the 80 period EMA
Sell setups 123 Sell tend to be more reliable when price is below the 8 period EMA
Neutral zone attention
The area between the EMA 8 and EMA 80 is considered a neutral zone
Trading the 123 pattern within this range is riskier, as it often indicates consolidation or lack of clear trend direction
Important disclaimer
This indicator does not generate buy or sell signals by itself. It should be used as a supporting tool, together with proper risk management, market context, and additional analysis.
This is not financial advice.
Pine Script®指标






















