OPEN-SOURCE SCRIPT
MSJ EMA
//version=5
indicator("Failure Traders EMA 20 & 200", overlay=true)
// ===== INPUTS =====
fastLength = input.int(20, "Fast EMA (20)")
slowLength = input.int(200, "Slow EMA (200)")
// ===== EMA CALCULATION =====
emaFast = ta.ema(close, fastLength)
emaSlow = ta.ema(close, slowLength)
// ===== PLOT EMAs =====
plot(emaFast, color=color.yellow, linewidth=2, title="EMA 20")
plot(emaSlow, color=color.blue, linewidth=2, title="EMA 200")
// ===== SIGNAL CONDITIONS =====
buySignal = ta.crossover(emaFast, emaSlow)
sellSignal = ta.crossunder(emaFast, emaSlow)
// ===== SIGNAL LABELS =====
plotshape(buySignal, title="BUY", location=location.belowbar,
color=color.green, style=shape.labelup, text="BUY")
plotshape(sellSignal, title="SELL", location=location.abovebar,
color=color.red, style=shape.labeldown, text="SELL")
// ===== ALERT CONDITIONS =====
alertcondition(buySignal, title="BUY Alert", message="EMA 20 crossed above EMA 200")
alertcondition(sellSignal, title="SELL Alert", message="EMA 20 crossed below EMA 200")
indicator("Failure Traders EMA 20 & 200", overlay=true)
// ===== INPUTS =====
fastLength = input.int(20, "Fast EMA (20)")
slowLength = input.int(200, "Slow EMA (200)")
// ===== EMA CALCULATION =====
emaFast = ta.ema(close, fastLength)
emaSlow = ta.ema(close, slowLength)
// ===== PLOT EMAs =====
plot(emaFast, color=color.yellow, linewidth=2, title="EMA 20")
plot(emaSlow, color=color.blue, linewidth=2, title="EMA 200")
// ===== SIGNAL CONDITIONS =====
buySignal = ta.crossover(emaFast, emaSlow)
sellSignal = ta.crossunder(emaFast, emaSlow)
// ===== SIGNAL LABELS =====
plotshape(buySignal, title="BUY", location=location.belowbar,
color=color.green, style=shape.labelup, text="BUY")
plotshape(sellSignal, title="SELL", location=location.abovebar,
color=color.red, style=shape.labeldown, text="SELL")
// ===== ALERT CONDITIONS =====
alertcondition(buySignal, title="BUY Alert", message="EMA 20 crossed above EMA 200")
alertcondition(sellSignal, title="SELL Alert", message="EMA 20 crossed below EMA 200")
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.