OPEN-SOURCE SCRIPT
Updated TS EMA Cross
This is my first Script !
Enjoy !
This Pine Script calculates the Exponential Moving Average (EMA) and facilitates identifying potential buy and sell signals based on the crossover of two EMAs. Here's a breakdown of its functionality:
Fast EMA Calculation: The script calculates a fast EMA based on user-defined parameters such as length, source, offset, and smoothing type.
Slow EMA Calculation: Similarly, it calculates a slow EMA with customizable parameters like length, source, offset, and smoothing type.
Signal Generation: It detects buy signals when the fast EMA crosses above the slow EMA (crossover) and sell signals when the fast EMA crosses below the slow EMA (crossunder).
Visualization: The script plots markers (triangle shapes) below bars for buy signals and above bars for sell signals to visually indicate potential trading opportunities.
Bar Coloration: Inside bars are colored green when the fast EMA is above the slow EMA, suggesting a bullish trend, and red when the fast EMA is below the slow EMA, indicating a bearish trend.
Traders can utilize this script to incorporate EMA crossovers into their trading strategies, providing insights into potential trend reversals and momentum shifts.
-Tobby Simard
Enjoy !
This Pine Script calculates the Exponential Moving Average (EMA) and facilitates identifying potential buy and sell signals based on the crossover of two EMAs. Here's a breakdown of its functionality:
Fast EMA Calculation: The script calculates a fast EMA based on user-defined parameters such as length, source, offset, and smoothing type.
Slow EMA Calculation: Similarly, it calculates a slow EMA with customizable parameters like length, source, offset, and smoothing type.
Signal Generation: It detects buy signals when the fast EMA crosses above the slow EMA (crossover) and sell signals when the fast EMA crosses below the slow EMA (crossunder).
Visualization: The script plots markers (triangle shapes) below bars for buy signals and above bars for sell signals to visually indicate potential trading opportunities.
Bar Coloration: Inside bars are colored green when the fast EMA is above the slow EMA, suggesting a bullish trend, and red when the fast EMA is below the slow EMA, indicating a bearish trend.
Traders can utilize this script to incorporate EMA crossovers into their trading strategies, providing insights into potential trend reversals and momentum shifts.
-Tobby Simard
Release Notes
Great news! This indicator now has Buy/Sell alerts.
These timely notifications help traders spot potential entry and exit points, improving decision-making and trading outcomes.
Release Notes
I've updated the alert condition to make it more optimal.Release Notes
I've updated the alert condition to make it more optimal.Release Notes
Big news! This indicator now fills between both EMA lines. This enhancement provides a visual representation of market momentum and trend changes, helping traders make informed decisions quickly.
Release Notes
//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.