EMA GOLDEN & DEATH CROSS

Golden Cross And Death Cross

A golden cross and a death cross are exact opposites. A golden cross indicates a long-term bull market going forward, while death cross signals a long-term bear market. Both refer to the solid confirmation of a long-term trend by the occurrence of a short-term moving average crossing over a major long-term moving average. (source: investopedia)

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In this indicator we are using Exponential Moving Averages. Use this indicator with TradingView black template chart for a better view

Release Notes

//version=4
study(title="EMA GOLDEN & DEATH CROSS", shorttitle="CROSS", overlay=true)
CrossBarColor = input(true, title = "Filtered Bar/Candle Color")
GoldenCrossBG = input(true, title= "Cross Background Color")

len = input(8, minval=1, title="Fast Filter")
src = input(close, title="Source")
FILTER1 = ema(src, len)

len2 = input(13, minval=1, title="Slow Filter")
src2 = input(close, title="Source")
FILTER2 = ema(src2, len2)

len3 = input(100, minval=1, title="Fast EMA")
src3 = input(close, title="Source")
FAST = ema(src3, len3)

len4 = input(200, minval=1, title="Slow EMA")
src4 = input(close, title="Source")
SLOW = ema(src4, len4)

ColorMe = FAST >= SLOW ? color.lime : color.red
FillColor = FILTER1 >= FILTER2 ? color.lime : color.red

p1 = plot(FILTER1, color=color.white, linewidth=1, title="Filter Fast")
p2 = plot(FAST, color=color.lime, linewidth=2, title="Fast EMA")

p3 = plot(FILTER2, color=color.yellow, linewidth=1, title="Filter Slow")
p4 = plot(SLOW, color=color.red, linewidth=2, title="Slow EMA")

fill(p1, p2, color=FillColor, transp=80, title="Fill Filter")
fill(p2, p3, color=color.silver, transp=90, title="Silver Cross")

bgcolors = GoldenCrossBG ? ColorMe[1]: na
bgcolor(color=bgcolors, transp=80)

barcolor(CrossBarColor ? close >= FILTER1 ? color.lime : color.red : na)

GoldenCross = crossover(FAST, SLOW)
DeathCross = crossunder(FAST, SLOW)

plotshape(series = GoldenCross, location=location.bottom, style=shape.triangleup, color=color.lime, transp=0, text="GOLDEN CROSS", size=size.normal)
plotshape(series = DeathCross, location=location.top, style=shape.triangledown, color=color.red, transp=0, text="DEATH CROSS", size=size.normal)

Release Notes

tidy up

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

mahameru

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

mahameru

Also on: