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Bullish Engulfing with EMA (for long trades)

The strategy is an improvisation over the regular Bullish Engulfing pattern. A buy signal is generated when the following two conditions concur

1) A crossover between 21 and 9 day EMA

2) A red candle is engulfed by the next day’s green candle

A sell signal is generated when the crossover occurs again, indicating the uptrend could be waning.

Buy script

Sell script

Additional notes

The trader can replace 21 and 9 day EMA with any other value and can customize as per his requirement.