1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
EMA System treats price above the 200 EMA and the 21 EMA above the 50 EMA as a valid trend, then flags a buy when price is near the 21 EMA, volume is below its simple moving average, and a bullish candle confirms. Users set the four lengths, ATR or percentage distance, volume threshold, and candle mode, and can show labels and a regime background. It does not define exits or a stop.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
EMA 9
int
9
len9
EMA 21
int
21
len21
EMA 50
int
50
len50
EMA 200
int
200
len200
Proximidad por ATR (recomendado)
bool
true
useATRProximity
ATR Length
int
14
atrLen
Distancia a EMA21 (ATR x)
float
0.30
atrMult
Distancia a EMA21 (%) si no usas ATR
float
0.25
pctProximity
Vol SMA Length
int
20
volLen
Volumen 'se seca' si Vol < SMA *
float
0.80
volDryFactor
Confirmación vela alcista
string
Close>Open
bullishMode
Mostrar etiquetas
bool
true
showLabels
Show all 14 settings
Setting
Type
Default
Variable
Fondo (régimen)
bool
true
showBg
Mostrar estado (esquina)
bool
true
showStatus
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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