OPEN-SOURCE SCRIPT
Setup PC - EMA - Alexandre Wolwacz
---US---
Hi trader, it script were based on called Setup PC (Ponto Continuo) 21 period Exponential Moving Average from Professional Trader Alexandre Wolwacz .
Setup PC is ready when the candle touch 21 period EMA, and it EMA dont change the direction. Mark the high or low of the candle, activations starts when the price cross the high to Buy or the low to Sell.
1) Find a stock in uptrend correcting the price to EMA21.
2) Wait the candle touch the EMA.
3) Mark the high of the candle that touch.
4) Buy when the price cross the mark.
5) Stop-loss at the low of the candle that touch EMA.
Remember Volume confirm price/trend.
Enjoy ;)
---PT-BR---
Olá traders, setup universal, criado pelo Alexandre Wolwacz e divulgado pelo Trader Palex.
Bem resumidamente, o Setup do Ponto Contínuo consiste em seguir os ricocheteios numa certa média móvel (a mais clássica é a MME21). Serve em vários tempos gráficos, porém é mais usado no gráfico semanal.
1) Achar ativo em tendência de alta corrigindo para MME21;
2) Aguardar o candle tocar a média;
3) Marcar a máxima e a mínima do candle que tocar;
4) Compra no rompimento da máxima marcada (qualquer negócio acima dessa máxima);
5) Stop na mínima do candle anterior ao que gerou a entrada;
Bons trades.
Hi trader, it script were based on called Setup PC (Ponto Continuo) 21 period Exponential Moving Average from Professional Trader Alexandre Wolwacz .
Setup PC is ready when the candle touch 21 period EMA, and it EMA dont change the direction. Mark the high or low of the candle, activations starts when the price cross the high to Buy or the low to Sell.
1) Find a stock in uptrend correcting the price to EMA21.
2) Wait the candle touch the EMA.
3) Mark the high of the candle that touch.
4) Buy when the price cross the mark.
5) Stop-loss at the low of the candle that touch EMA.
Remember Volume confirm price/trend.
Enjoy ;)
---PT-BR---
Olá traders, setup universal, criado pelo Alexandre Wolwacz e divulgado pelo Trader Palex.
Bem resumidamente, o Setup do Ponto Contínuo consiste em seguir os ricocheteios numa certa média móvel (a mais clássica é a MME21). Serve em vários tempos gráficos, porém é mais usado no gráfico semanal.
1) Achar ativo em tendência de alta corrigindo para MME21;
2) Aguardar o candle tocar a média;
3) Marcar a máxima e a mínima do candle que tocar;
4) Compra no rompimento da máxima marcada (qualquer negócio acima dessa máxima);
5) Stop na mínima do candle anterior ao que gerou a entrada;
Bons trades.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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