Bipen Mann 50EMA Setup

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## 📌 Bipen Mann 50EMA Setup

**Bipen Mann 50EMA Setup** is a rule-based trend continuation indicator designed to give **clean, high-probability entries** using **EMA 50**, **retests**, and **structure breaks**.
It avoids early entries and noise by confirming price behavior **before and after the EMA retest**.

This indicator works on **all markets** (Forex, Indices, Crypto, Commodities) and automatically adapts to the **timeframe selected on the chart**.

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## 🔵 BUY Setup Logic

A **BUY setup** is created using the following sequence:

1. Price must be **above the 50 EMA**
2. While price remains above EMA:

* The indicator tracks the **most recent RED (bearish) candle**
3. Price must **touch the EMA 50** (wick or body — both are valid)

* If the retest candle itself is red, it is used as the trigger candle
4. After the retest:

* A **BUY signal is generated when price breaks the HIGH of the most recent RED candle that occurred before (or at) the EMA retest**
5. **Stop Loss**

* Automatically placed at the **low of the trigger red candle**

➡️ **Entries always occur AFTER the EMA retest**

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## 🔴 SELL Setup Logic

A **SELL setup** follows the exact opposite rules:

1. Price must be **below the 50 EMA**
2. While price remains below EMA:

* The indicator tracks the **most recent GREEN (bullish) candle**
3. Price must **touch the EMA 50**

* If the retest candle itself is green, it is used as the trigger candle
4. After the retest:

* A **SELL signal is generated when price breaks the LOW of the most recent GREEN candle that occurred before (or at) the EMA retest**
5. **Stop Loss**

* Automatically placed at the **high of the trigger green candle**

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## 📊 Visual Elements

* **EMA 50** plotted on the chart
* **Entry trigger lines**

* 🟢 Green line → BUY entry
* 🔴 Red line → SELL entry
* **Stop-loss lines**

* 🟡 Yellow line → BUY stop loss
* 🔵 Light blue line → SELL stop loss
* **Small, clean arrows** for entries:

* ▲ Green triangle → BUY
* ▼ Red triangle → SELL
*(No large labels or filled boxes for a clean chart)*

Both BUY and SELL setups can appear **at the same time**, allowing up to **four lines** on the chart.

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## ⚙️ Indicator Settings

* **EMA Length**
Default: 50 (can be adjusted)
* **Expire setup after retest (bars)**
Cancels the setup if price does not break the trigger within the specified number of candles
* **Require candle CLOSE beyond trigger**

* ON → Conservative confirmation (close break)
* OFF → Aggressive entry (wick break allowed)

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## 🎯 Best Use Case

* Trending markets
* Pullback & continuation strategies
* Works best on **M15, H1, H4**
* Suitable for **Gold (XAUUSD), Forex pairs, Indices, Crypto**

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## ⚠️ Notes

* No signal will appear if:

* EMA is not retested
* No opposite candle exists before the retest
* This behavior is intentional to **filter low-quality trades**
* The indicator is a **confirmation tool**, not a prediction tool

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