EMA 9 Cross EMA 30 with Price [algo_aakash]

17 thg 12, 2024

This indicator generates buy and sell signals based on the 9 EMA crossing above or below the 30 EMA, with additional conditions for candle closure.

Buy Signal Setup:
9 EMA crosses above the 30 EMA
Candle closes above both EMAs
The closing price of the candle should be near the 30 EMA (if too far, the signal becomes invalid).
Stop-Loss: Set below the candle's low, with a small buffer.
Target: 1:2 risk-reward ratio.

Sell Signal Setup:
9 EMA crosses below the 30 EMA
Candle closes below both EMAs
Stop-Loss: Set above the candle's high.
Target: 1:2 risk-reward ratio.

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17 thg 12, 2024

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