OPEN-SOURCE SCRIPT

Simple Trend Pullback Tool (EMA) v1.1

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Simple Trend Pullback Filter (EMA)
Overview This script is a lightweight, objective tool designed to filter out market noise and identify high-probability entry zones in trending markets. Built on the core principle of "The Rising Tide," it utilizes a dual-EMA cloud to visualize the trend’s health and highlight where the price is likely to find support after an overextended breakout.

How It Works

Trend Identification: The script tracks the alignment between the EMA 50 and EMA 200. When the price is consistently above this "Cloud," the market is in a confirmed uptrend.

The Pullback Logic: Instead of chasing breakouts (which often lead to FOMO-driven losses), this tool highlights the 'Mean Reversion' zone. It signals an entry when price action "pulls back" into the EMA cloud while the primary trend remains bullish.

Simplicity First: There are no laggy oscillators or repainting signals. It uses price action relative to time-weighted moving averages to keep your chart clean and your decisions logical.

Example Use Case: $CUU.V and RKLB In the current market (December 2025), we see high-velocity breakouts in sectors like Space and Copper. While a stock like Copper Fox ($CUU.V) may jump 28% on merger news, this script helps traders wait for the necessary consolidation back toward the EMA 20/50 support before committing capital.

Settings

EMA 1 (Fast): Default 50 — Tracks intermediate momentum.

EMA 2 (Slow): Default 200 — The "Line in the Sand" for long-term trend direction.

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