Positional Toolbox v6 (distinct colors)

what the lines mean (colors)

EMA20 (green) = fast trend

EMA50 (orange) = intermediate trend

EMA200 (purple, thicker) = primary trend

when the chart is “bullish” vs “bearish”

Bullish bias (look for buys):
EMA20 > EMA50 > EMA200 and EMA200 sloping up.

Bearish bias (avoid longs / consider exits):
EMA20 < EMA50 < EMA200 or price closing under EMA50/EMA200.

the two buy signals the script gives you

Pullback Long (triangle up)

Prints when price dips to EMA20 (green) and closes back above it while trend is bullish and ADX is decent.

Entry: buy on the same close or on a break of that candle’s high next day.

Stop: below the pullback swing-low (or below EMA50 for simplicity).

Best for: adding on an existing uptrend after a shallow dip.

Breakout 55D (“BO55” label)

Prints when price closes above prior 55-day high with volume surge in a bullish trend.

Entry: on the close that triggers, or next day above the breakout candle’s high.

Stop: below the breakout candle’s low (conservative: below base low).

Best for: fresh trend legs from bases.

simple “sell / exit” rules

Trend exit (clean & mechanical): exit if daily close < EMA50 (orange).
More conservative: only exit if close < EMA200 (purple).

Momentum fade / weak breakout: if BO55 triggers but price re-closes back inside the base within 1–3 sessions on above-avg volume → exit or cut size.

Profit taking: book some at +1.5R to +2R, trail the rest (e.g., below prior swing lows or EMA20).

quick visual checklist (what to look for)

Are the EMAs stacked up (green over orange over purple)? → ok to buy setups.

Did a triangle print near EMA20? → pullback long candidate.

Did a BO55 label print with strong volume? → breakout candidate.

Any close under EMA50 after you’re in? → reduce/exit.

timeframe

Use Daily for positional signals.

If you want a tighter entry, drop to 30m/1h only to time the trigger—but keep decisions anchored to the daily trend.

alerts to set (so you don’t miss signals)

Add alert on Breakout 55D and Pullback Long (from the indicator’s alertconditions).

Optional price alerts at the breakout level or EMA20 touch.

risk guardrails (MTF friendly)

Risk ≤1% of capital per trade.

Avoid fresh entries within ~5 trading days of earnings unless you accept gap risk.

Prefer high-liquidity NSE F&O names (your CSV watchlist covers this).

TL;DR (super short):

Green > Orange > Purple = uptrend.

Triangle near green = buy the pullback; stop under swing low/EMA50.

BO55 label = buy the breakout; stop under breakout candle/base.

Exit on close below EMA50 (or below EMA200 if you’re giving more room).