EMA HIGH LOW BAND PINE SCRIPT

This strategy takes EMA(high) and EMA(Low) of the entered parameters and plots the high low strip on the chart.

Entry logic : If candle closes above the high band, we take  Long entry on the next open, if the candle closes below the low band, we take Short entry on the open of the next candle.

You can set 2 Target and Stoploss AND trailing SL Points/Percentage.

Note : If the user set Stoploss is bigm then if long position is active, lower band will act as  SL and if Short position is active, Higher band will act as  SL.

You can use this strategy on any time frame and with Any EMA value.

This can be used for both Intraday and Positional trade.

Valid on all segments 

Backtest reports will be available the moment you plot it on Tradingview

Can be fully automated in Indian market, Forex and Crypto market using Algofox Bridge.

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