ShooterViz Lazy Trader EMA System

ShooterViz Lazy Trader EMA System - Complete User Guide

What This Script Does
This is a position scaling indicator that tells you exactly when to enter, add to, and exit trades using a simplified 5-EMA system. It removes the guesswork and decision fatigue from trading by giving you clear visual signals.

The Core Concept
3 entry signals that build your position from 20% → 50% → 100%
2 exit signals that scale you out at 50% → 50% (complete exit)
1 higher timeframe filter that keeps you on the right side of the trend

No Fibonacci calculations, no RSI divergence, no multi-indicator confusion. Just EMAs and price action.

What You'll See On Your Chart
1. Colored EMA Lines
Blue Lines (Entry Zone):
3 EMA (lightest blue) - Early reversal detector
5 EMA (darker blue) - Confirmation line
Green Lines (Add Zone):
21 EMA (bright green) - First add location
34 EMA (lighter green) - Final add location
Red Lines (Exit Zone):
89 EMA (lighter red) - First exit trigger
144 EMA (darker red) - Final exit trigger
Orange Lines (Hyper Frame - optional):
Hyper 21 EMA (from higher timeframe) - Trend direction
Hyper 34 EMA (from higher timeframe) - Bias confirmation

2. Triangle Signals
Green Triangles (Below Price) = BUY/ADD:
Lime triangle with "20%" = Entry 1: Price reclaimed 3→5 EMA (starter position)
Green triangle with "30%" = Entry 2: Price bounced off 21 EMA (first add)
Teal triangle with "50%" = Entry 3: Price broke out from 34 EMA compression (final add)

Red Triangles (Above Price) = SELL:
Orange triangle with "50% OFF" = Exit 1: Price broke below 89 EMA (take half off)
Red triangle with "EXIT ALL" = Exit 2: Price broke below 144 EMA (close remaining position)

3. Background Color (Trend Bias)
Light green background = Hyper frame EMAs trending up (bias LONG)
Light red background = Hyper frame EMAs trending down (bias SHORT)
Gray background = Neutral/choppy (be cautious)

4. Info Table (Top Right Corner)
A live status dashboard showing:
Which entry signals are currently active (✓ or —)
Which exit signals are currently active (⚠ or ⛔)
Current hyper frame bias (🟢 LONG / 🔴 SHORT / ⚪ NEUTRAL)
Which timeframe you're using for hyper frame filtering


How to Install and Set Up
Step 1: Add the Script to TradingView
Open TradingView
Click "Pine Editor" at the bottom of the screen
Copy the entire script code
Paste it into the Pine Editor
Click "Add to Chart"

Step 2: Configure Your Settings
Click the gear icon ⚙️ next to "LazyEMA" in your indicators list.
Critical Settings to Configure:
Hyper Frame Selection (Most Important!)

Location: "Hyper Frame (Pick ONE)" section
Setting: "Timeframe"
What to choose:
Trading 15min or 1H charts? → Use "240" (4-hour)
Trading 4H or Daily charts? → Use "D" (Daily)
Trading Daily or Weekly charts? → Use "W" (Weekly)

Why this matters: This filter keeps you aligned with the bigger trend. Only take longs when this timeframe is green, shorts when it's red.
MA Type (Optional, default is fine)
Location: "MA Config" section
Default: EMA (recommended)
Options: EMA, SMA, WMA, HMA, RMA, VWMA
Most traders should stick with EMA

Visual Toggles (Customize your view)
Entry Zone: Turn individual EMAs on/off (3, 5, 21, 34)
Exit Zone: Turn individual EMAs on/off (89, 144)
Hyper Frame: Toggle the higher timeframe EMAs on/off

Step 3: Clean Up Your Chart
Turn OFF these if visible:

Volume bars (they clutter the view)
Any other indicators you have loaded
Grid lines (optional, but cleaner)

Keep ONLY:

Price candles
Your ShooterViz Lazy Trader EMA System
Maybe support/resistance levels if you manually draw them

How to Trade With This Script
The Basic Workflow
Before the Market Opens:

Check the background color and info table bias

Green background? Look for LONG setups only
Red background? Look for SHORT setups only
Gray background? Stay flat or trade small

During the Trading Session:
LONGS (When hyper frame is bullish):

Wait for Entry 1 signal:

Lime triangle appears with "20%"
Price has reclaimed the 5 EMA after dipping to 3 EMA
Action: Enter 20% of your intended position
Stop loss: Place below the 5 EMA or recent swing low

Wait for Entry 2 signal:

Green triangle appears with "30%"
Price pulled back to 21 EMA and bounced
Action: Add 30% more (you're now at 50% total)
Move stop: Trail it up to below 21 EMA

Wait for Entry 3 signal:

Teal triangle appears with "50%"
Price compressed at 34 EMA and broke out
Action: Add final 50% (you're now 100% loaded)
Move stop: Trail it up to below 34 EMA

Wait for Exit 1 signal:

Orange triangle appears with "50% OFF"
Price broke below 89 EMA
Action: Exit 50% of your position immediately
Move stop on rest: Trail to 89 EMA or lock in profits

Wait for Exit 2 signal:

Red triangle appears with "EXIT ALL"
Price broke below 144 EMA
Action: Exit remaining 50% (you're now flat)
Or: Stop gets hit at 89 EMA (same result)

SHORTS (When hyper frame is bearish):

Same process, but inverted
Triangles appear above price instead of below
Look for breakdowns below EMAs instead of bounces off them
Exit when price reclaims 89 and 144 EMAs

Real-World Example Walkthrough
Setup: Trading ES (S&P 500 Futures) on 1H Chart
Chart Configuration:

Timeframe: 1 Hour
Hyper Frame: 240 (4-hour)
Ticker: ES

Pre-Market Check:
Background is light green
Info table shows "🟢 LONG" for Hyper Bias
Decision: Only look for long entries today

9:30 AM - Market Opens
Price dips and touches 3 EMA
Watch for: Reclaim of 5 EMA

9:45 AM - Entry 1 Triggers
Lime triangle appears below bar
Price closed above 5 EMA at $4,550
Action taken:
Enter long 20% position (2 contracts if targeting 10 total)
Stop loss at $4,545 (below 5 EMA)
Risk: $10 per contract × 2 = $20 risk

10:30 AM - Entry 2 Triggers
Price rallied to $4,565, pulls back
Green triangle appears at 21 EMA ($4,555)
Action taken:
Add 30% (3 more contracts, now have 5 total)
Move stop to $4,550 (below 21 EMA)
Current P/L: +$25 ($5 gain on original 2 contracts, break-even on new 3)

11:15 AM - Entry 3 Triggers
Price consolidates at 34 EMA around $4,560
Teal triangle appears as price breaks to $4,568
Action taken:
Add final 50% (5 more contracts, now have 10 total)
Move stop to $4,555 (below 34 EMA)
Current P/L: +$70

1:00 PM - Price Extends
Price rallies to $4,595 (on track)
89 EMA is at $4,575
No action yet, let it run

2:15 PM - Exit 1 Triggers
Price pulls back from $4,600
Orange triangle appears as price breaks below 89 EMA at $4,580
Action taken:
Exit 50% (5 contracts closed at $4,580)
Keep 5 contracts with stop at 89 EMA ($4,575)
Banked: +$150 average gain on closed 5 contracts

2:45 PM - Exit 2 Triggers
Price continues down
Red triangle appears as price breaks 144 EMA at $4,570
Action taken:
Exit remaining 5 contracts at $4,570
Banked: +$100 on remaining 5 contracts

Final Results:
Total gain: $250 on the trade
Initial risk: $50 (if stopped out at Entry 1)
Risk/Reward: 5:1
Time in trade: ~5 hours

Common Questions
"What if I miss Entry 1? Can I still take Entry 2?"
Yes! Each entry is independent. If you miss the 3→5 reclaim, wait for the 21 EMA bounce. You'll start with a 30% position instead of 20%, but that's fine.
Rule: Never chase. Wait for the next EMA setup.
"What if multiple entry signals trigger at the same bar?"
Rare, but possible. If you see both Entry 1 and Entry 2 trigger together:

Take Entry 1 first (20%)
If the next bar confirms Entry 2 is still valid, add 30%
When in doubt, scale in gradually

"The hyper frame is green but I'm seeing short signals?"
Don't take them. The hyper frame is your bias filter. If it says "go long," ignore short setups. They're usually lower probability and will get stopped out.
"Can I use this for swing trading overnight?"
Absolutely. Just switch your hyper frame:

If you're on Daily charts, use Weekly hyper frame
If you're on 4H charts, use Daily hyper frame
Adjust position sizes for overnight risk

"What if the signal appears right at market close?"
Don't chase it. Wait for the next bar (next day) to confirm. Signals that appear in the last 5 minutes are often noise.
"How do I set up alerts?"

Right-click on the chart
Select "Add Alert"
Choose "LazyEMA" from the condition dropdown
Select which signal you want alerts for:

Entry 1: 3→5 Reclaim
Entry 2: 21 EMA Add
Entry 3: 34 EMA Breakout
Exit 1: 89 EMA Break
Exit 2: 144 EMA Break

Click "Create"
Pro tip: Set up all 5 alerts so you never miss a signal.

Position Sizing Guide see
swingtradenotes.substack.com/p/shooters-risk-management-position?utm_source=publication-search

Critical Rule: Know your total risk BEFORE you take Entry 1. Don't wing it.

Customization Tips
For Day Traders (Scalpers)

Use 5min or 15min charts
Hyper frame: 1H or 4H
Expect 2-4 setups per day
Tighter stops (0.5% risk per entry)

For Swing Traders

Use 4H or Daily charts
Hyper frame: Daily or Weekly
Expect 1-2 setups per week
Wider stops (1-2% risk per entry)

For Position Traders

Use Daily or Weekly charts
Hyper frame: Weekly or Monthly
Expect 1-2 setups per month
Widest stops (2-3% risk per entry)


The "Don't Be Stupid" Checklist
Before taking ANY signal from this script, ask:

✅ Is the hyper frame bias pointing in my direction?
✅ Is the signal clean (not at a weird time or during news)?
✅ Do I know my stop loss level?
✅ Do I know my position size?
✅ Can I afford to lose if this trade fails?

If you answered "no" to ANY of these, skip the trade.

Troubleshooting
"I'm not seeing any signals"
Possible causes:

The "Show Lazy Trader System" toggle is off (turn it on)
Your chart timeframe is too high (try 1H or 4H)
Market is in a tight range (EMAs are compressed)
You need to refresh the chart

"Too many signals, getting whipsawed"
Fixes:

Increase your chart timeframe (go from 15m to 1H)
Switch to a less volatile ticker
Only trade when hyper frame bias is STRONG (not neutral)
Add a minimum bar count between signals

"The info table is covering my price action"
Fix:

Edit the script
Find the line: table.new(position.top_right, ...
Change position.top_right to position.bottom_right or position.top_left

"Signals appear then disappear"
This is normal (repainting). Some signals (especially compression breakouts) can disappear if the next bar reverses. This is why you:

Wait for bar close before acting
Use alerts that only fire on confirmed bars
Don't chase signals mid-bar


Final Thoughts
This script is a decision-making tool, not a crystal ball. It shows you high-probability setups based on EMA dynamics and trend structure. You still need to:

Manage your risk
Choose your position size
Stick to the rules
Accept losses when they happen

The system works when YOU work the system.
Print this guide, tape it next to your monitor, and follow it religiously for 20 trades before making ANY changes.
Good luck, and stay lazy (the smart way).