EMA Intraday Strategy by Eliphaz

ema intraday strategy

Here is a EMA intraday strategy. very profitable on the GBPAUD 1M charts if you are watching very closely, working on coding a indicator for it

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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Want to use this script on a chart?

//@version=2
strategy("Eli Strategy", overlay=true)
fastLength = input(110)
slowLength = input(40)
price = close

emafast = ema(price, fastLength)
emaslow = ema(price, slowLength)


if (crossover(emafast, emaslow))
    strategy.entry("EMA2CrossLE", strategy.long,10000, comment="long")
    strategy.exit("Exit Long", from_entry = "EMA2CrossLE", loss = 500, comment= "Rshort")

if (crossunder(emafast, emaslow))
    strategy.entry("EMA2CrossSE", strategy.short, 10000, comment="short")
    strategy.exit("Exit short", from_entry = "EMA2CrossSE", loss = 500, comment= "RLong")

//plot(strategy.equity, title="equity", color=red, linewidth=2, style=areabr)