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bhavikmota

EMA & Supertrend

bhavikmota  
Trend Analysis Moving Averages
176
2
trendanalysis movingaverage
Strategy has been built based on the crossover of 21 EMA (EMA 1) and 55 EMA (EMA 2). Along with with strategy, user can alter the period of EMA 1 & EMA 2 based on their suitability.

When EMA 1 crossover EMA2 or when prices closes above EMA 1 and EMA 1 is greater than EMA 2, strategy will generate Buy signal.

Position gets closed when price closes below EMA 2.

200 EMA, 233 EMA and Supertrend has been added for study purpose.
Open-source script

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.

Disclaimer

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