MTF EMA

Note: Use this script this only on Daily time frame

1. Long : when BLUE line crosses above RED line while Black line is below both lines (Black line can be used as SL)
2. Short : when BLUE line crosses below RED line while Black line is above both lines (Black line can be used as SL)
(Optional) 3. Risky Long : Closing Price cross above black line while blue and red both are staying below black line
(Optional) 4. Risky Short : Closing Price cross below black line while blue and red both are staying above black line

Use black line to find trend.
Closing price > blue line > red line > black line = BULLISH
Closing price < blue line < red line < black line = BEARISH

USE BLUE AND RED LINE FOR SHORT TERM TREND
USE RED AND BLACK LINE FOR LONG TERM TREND

LONG TERM TREND : RED LINE CROSSING ABOVE BLACK LINE FOR LONG POSITIONS (SL Below Black line)
RED LINE CROSSING BELOW BLACK LINE FOR SHORT POSITIONS (SL Above Black line)

Sürüm Notları:

Some Enhancements

PB Buy - Pullback Buy (Re-entry)
PB Sell - Pullback Sell (Re-entry)

Sürüm Notları:

Some enhancements done