The purpose of this indicator is twice:
- Allowing the user to show a with the possibility to show when a crossing happens.
- Showing in a more user friendly interface the GDAX line.
As a matter of fact is proven that those 2 act as during Bulls/Bear periods. The indicator works fine in the GDax timeframes, or rather 5m, 15m, 1h and daily excluding 3h and 6h as they're less used at the moment.
Choose the color you prefer for highlighting the Bars!
If the EMA12 is crossing up the EMA 26 will be considered as Uptrend otherwise will be a Downtrend.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.