OPEN-SOURCE SCRIPT
buy sell ultra system
What it is
EMA-POC Momentum System Ultra combines a proven trend stack (EMA 20/50/238), a price-of-control layer (POC via Bar-POC or VWAP alternative), and a momentum trigger (RSI) to surface higher-quality entries only when multiple, independent conditions align. This is not a cosmetic mashup; each component gates the others.
How components work together
Trend (EMA 20/50/238): Defines short/medium/long bias and filters counter-trend signals.
POC (Bar-POC or Alt-POC/VWAP): Locates the most-traded/weighted price area; a neutral band around POC helps avoid chop.
Control background: Above POC → buyers likely in control; below → sellers.
Momentum (RSI): Entry arrows print only when RSI confirms with trend and price location vs POC; optional “cross 50” requirement reduces noise.
Optional HTF trend: Confluence with a higher-timeframe EMA stack for stricter filtering.
Why it’s original/useful
Signals require confluence of (1) EMA trend stack, (2) POC location and neutral-zone filtering, (3) momentum confirmation, (4) optional slope and distance-to-POC checks, and (5) optional HTF trend. This reduces false positives compared with using any layer in isolation.
How to use
Markets/TFs: Built for XAUUSD (Gold) and US30. Works 1m–1h for intraday; 2h–4h for swing.
Entries:
Long: EMA stack bullish, price above POC, not in neutral band, RSI condition true → “Buy” arrow.
Short: Opposite conditions → “Sell” arrow.
Stops/Targets (suggested):
Initial stop beyond POC/neutral band or recent swing.
First target around 1R; trail with EMA20/50 or structure breaks.
Settings to tune:
POC Mode: Bar-POC (highest-volume bar’s close over lookback) or Alt-POC (VWAP).
Neutral Band %: 0.10–0.35 typical intraday.
Min distance from POC: 0.10–0.50% helps avoid low-RR entries right at POC.
RSI: Choose “cross 50” for stricter triggers or simple >/< 50 for more signals.
HTF trend: Turn on for extra confluence.
Alerts:
Buy Signal and Sell Signal (separate), or one Combined Buy/Sell alert.
Set to “Once per bar close” if you want only confirmed arrows.
Repainting / limitations
Shapes can move until bar close (standard Pine behavior) when using intrabar conditions; final confirmation at close. No system guarantees profitability—forward test and adapt to your market/instrument.
Clean chart
The published chart contains only this script so outputs are easy to identify.
Versions / updates
Use Publish → Update for minor changes; do not create new publications for small tweaks. If you fork to preserve older behavior, explain why and how your fork differs.
Changelog
v1.1 – Tuning for Gold/US30, neutral-band & distance filters, optional HTF trend, combined alert.
v1.0 – Initial public release (EMA stack + POC modes + RSI + alerts).
License & credits
Open-source for learning and improvement. Please credit on forks and explain modifications in your description.
EMA-POC Momentum System Ultra combines a proven trend stack (EMA 20/50/238), a price-of-control layer (POC via Bar-POC or VWAP alternative), and a momentum trigger (RSI) to surface higher-quality entries only when multiple, independent conditions align. This is not a cosmetic mashup; each component gates the others.
How components work together
Trend (EMA 20/50/238): Defines short/medium/long bias and filters counter-trend signals.
POC (Bar-POC or Alt-POC/VWAP): Locates the most-traded/weighted price area; a neutral band around POC helps avoid chop.
Control background: Above POC → buyers likely in control; below → sellers.
Momentum (RSI): Entry arrows print only when RSI confirms with trend and price location vs POC; optional “cross 50” requirement reduces noise.
Optional HTF trend: Confluence with a higher-timeframe EMA stack for stricter filtering.
Why it’s original/useful
Signals require confluence of (1) EMA trend stack, (2) POC location and neutral-zone filtering, (3) momentum confirmation, (4) optional slope and distance-to-POC checks, and (5) optional HTF trend. This reduces false positives compared with using any layer in isolation.
How to use
Markets/TFs: Built for XAUUSD (Gold) and US30. Works 1m–1h for intraday; 2h–4h for swing.
Entries:
Long: EMA stack bullish, price above POC, not in neutral band, RSI condition true → “Buy” arrow.
Short: Opposite conditions → “Sell” arrow.
Stops/Targets (suggested):
Initial stop beyond POC/neutral band or recent swing.
First target around 1R; trail with EMA20/50 or structure breaks.
Settings to tune:
POC Mode: Bar-POC (highest-volume bar’s close over lookback) or Alt-POC (VWAP).
Neutral Band %: 0.10–0.35 typical intraday.
Min distance from POC: 0.10–0.50% helps avoid low-RR entries right at POC.
RSI: Choose “cross 50” for stricter triggers or simple >/< 50 for more signals.
HTF trend: Turn on for extra confluence.
Alerts:
Buy Signal and Sell Signal (separate), or one Combined Buy/Sell alert.
Set to “Once per bar close” if you want only confirmed arrows.
Repainting / limitations
Shapes can move until bar close (standard Pine behavior) when using intrabar conditions; final confirmation at close. No system guarantees profitability—forward test and adapt to your market/instrument.
Clean chart
The published chart contains only this script so outputs are easy to identify.
Versions / updates
Use Publish → Update for minor changes; do not create new publications for small tweaks. If you fork to preserve older behavior, explain why and how your fork differs.
Changelog
v1.1 – Tuning for Gold/US30, neutral-band & distance filters, optional HTF trend, combined alert.
v1.0 – Initial public release (EMA stack + POC modes + RSI + alerts).
License & credits
Open-source for learning and improvement. Please credit on forks and explain modifications in your description.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.