EMA Moving Away tracks how far price drifts from an exponential moving average.
When a sequence of candles pushes a set percentage away from the EMA, the
strategy bets on a snap back to the mean.
The setup focuses on the long side: after an extended bearish move drives price
below the EMA by MovingAwayPercent, a position is opened. Body‑size and streak
filters can be added to ensure the move is stretched rather than noisy. A
percentage stop‑loss protects capital if the reversion fails.
Data: Price candles.
Entry Criteria:
Long: Close below EMA by MovingAwayPercent with required streak/size filters.
Short: not used.
[]Exit Criteria: Return to EMA or stop‑loss hit.
[]Stops: Percentage stop based on StopLossPercent.
[*]Default Values:
EmaLength = 55
MovingAwayPercent = 2.0
StopLossPercent = 2.0
[*]Filters:
Category: Mean reversion
Direction: Long only
Indicators: EMA
Complexity: Moderate
Risk level: Medium