5M 9EMA Entry & Exit

This indicator highlights high-probability trend shifts using only one rule: how a full candle closes relative to the 9 EMA.

The goal is to remove decision-making and create a clean, mechanical system.

How it works:

• A candle is considered fully under the 9 EMA when its high is below the EMA
→ Signals downside momentum
→ Highlighted as a potential short entry

• A candle is considered fully above the 9 EMA when its low is above the EMA
→ Signals upside momentum
→ Highlighted as a potential exit (or long entry)

The script:
• Plots the 9 EMA
• Highlights entry candles in red
• Highlights exit candles in green
• Optionally supports alerts

Trading logic (simple mode):

Wait for a full candle close completely under the 9 EMA → Enter puts/short

Stay in trade while candles remain below

Exit when a candle closes fully above the 9 EMA

Repeat

Designed for:
• SPY options
• 5-minute timeframe
• Low decision trading
• Quick trend continuation moves
• Minimal indicators, minimal thinking

This system avoids chop by requiring the entire candle body and wick to clear the EMA, reducing false signals and keeping trades aligned with momentum.

Best results during:
• First 2–3 hours after market open
• Strong trend days
• Avoiding midday sideways conditions