OPEN-SOURCE SCRIPT
Example of Code for Moving Average Cross - Changing Colors
Famous 7 Time World Trading Champion Chuck Hughes found the 50 and 100 EMA to be the best Signal for a Change in Trend. Through extensive back-testing he found these EMA’s to give the earliest signal that also resulted in a Long-Term Change in Trend.
Dotted Line represents Long-Term EMA. The 100 EMA in this example.
Solid line represents the Short-Term EMA. The 50 EMA in this example.
If Short-Term EMA is ABOVE Long-Term EMA...Color = Green.
If Short-Term EMA is BELOW Long-Term EMA...Color = Red.
Dotted Line represents Long-Term EMA. The 100 EMA in this example.
Solid line represents the Short-Term EMA. The 50 EMA in this example.
If Short-Term EMA is ABOVE Long-Term EMA...Color = Green.
If Short-Term EMA is BELOW Long-Term EMA...Color = Red.
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.
For quick access on a chart, add this script to your favorites — learn more here.
Coming Soon: ChrisMoodyTrading.com
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.
For quick access on a chart, add this script to your favorites — learn more here.
Coming Soon: ChrisMoodyTrading.com
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.