Topic: EMA crossover and slight retracement
Plz i need help with this,
I am working on a strategy that says:
1) EMA 12 cross EMA 21
2) candlestick is above EMA12
3) then wait until any new candle (within maximum 5 bars) to retrace and touch (Low touch) the EMA12
4) buy order
Plz anyone can help?
How to define that within the last 5 candlestick, if the EMA crossed, and if Low(0) touched <= EMa(12)---send buy order?