peopleisliking

Three EMA Crossover Trading Strategy

779 0 80
Use it with any forex currency pair or any stock with any timeframe.
It is a trend following trading strategy so works best in trending market.
So once you identify the market is trading you just simply use this trading strategy.

Video Explanation : Youtube
Detail Explanation : http://www.peopleisliking.com
Remove from Favorite Scripts Add to Favorite Scripts
study("Three EMA Crossover Trading Strategy",overlay=true)
 
LowestPeriod = input(title="Lowest Period",type=integer,defval=10)
MediumPeriod = input(title="Medium Period",type=integer,defval=25)
LongestPeriod = input(title="Longest Period",type=integer,defval=50)
 


LowestEMA = ema(close,LowestPeriod)
MediumEMA = ema(close,MediumPeriod)
LongestEMA = ema(close,LongestPeriod)


LEColor = LowestEMA > LowestEMA[1] ? green : red
MEColor = MediumEMA > MediumEMA[1] ? lime : maroon
LLEColor = LongestEMA > LongestEMA[1] ? gray : purple


plot( LowestEMA, color= LEColor , title="Lowest EMA", trackprice=false, style=line)
plot( MediumEMA ,color= MEColor , title="Medium EMA", trackprice=false, style=line)
plot( LongestEMA , color= LLEColor , title="Longest EMA", trackprice=false, style=line)

//plotshape(cross(close,Tsl) and close>Tsl , "Up Arrow", shape.triangleup,location.belowbar,green,0,0)
//plotshape(cross(Tsl,close) and close<Tsl , "Down Arrow", shape.triangledown , location.abovebar, red,0,0)
//plot(Trend==1 and Trend[1]==-1,color = linecolor, style = circles, linewidth = 3,title="Trend")
Trend = LowestEMA > MediumEMA and LowestEMA > LongestEMA ? 1 : LowestEMA < MediumEMA and LowestEMA < LongestEMA ? -1 : 0
plotarrow(Trend == 1 and Trend[1] != 1 ? Trend : na, title="Up Entry Arrow", colorup=lime, maxheight=60, minheight=50, transp=0)
plotarrow(Trend == -1 and Trend[1] != -1 ? Trend : na, title="Down Entry Arrow", colordown=red, maxheight=60, minheight=50, transp=0)
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out