MrRenev

EMA TEMA crossover

Hello,

as usual recently the chart is bugged if I dare post a log one so I deleted and reposted...

here is a simple ema /team script that could allow you to catch trends.
You can play with parameters to get alerted of strong trends, or to detect trends early on.

I want to adapt this to an inside bar strategy, I am going to release that in a while, it is not my priority thought I am a countertrend trader, so I cannot say why, but what I have seen is inside bar breaks in very strong trends work very well.

There is a condition for this inidcator to work: you have to use it on a Heikin Ashi chart (the candle type, selectable in the area right of the timeframe).

Works sometimes. I advice backtesting any strategy before using. Idk maybe this could work decently, seems to have given big winners on bch recently. That huge one from 600 to 1800 lol. *3


* No one should pay for things this simple by the way...
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.

Want to use this script on a chart?

Comments

great! thank you, any updates planed?
Reply
Awesome mate, was looking forward to updated version...
Reply
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