OPEN-SOURCE SCRIPT
EMA Distance Buy/Sell Signal
EMA Calculation:
3 EMAs calculate kiye jaate hain: Fast EMA (9), Medium EMA (21), aur Slow EMA (50).
Ye EMAs chart par plot kiye jaate hain.
Distance Calculation:
Har candle ka Fast EMA se distance calculate kiya jaata hai (percentage mein).
Agar ye distance aapke diye gaye threshold (default: 1.5%) se zyada hai, to signal generate hoga.
Buy/Sell Conditions:
Buy Signal: Jab candle Fast EMA se oopar hai aur uss point par sabhi 3 EMAs (Fast, Medium, Slow) se oopar hai.
3 EMAs calculate kiye jaate hain: Fast EMA (9), Medium EMA (21), aur Slow EMA (50).
Ye EMAs chart par plot kiye jaate hain.
Distance Calculation:
Har candle ka Fast EMA se distance calculate kiya jaata hai (percentage mein).
Agar ye distance aapke diye gaye threshold (default: 1.5%) se zyada hai, to signal generate hoga.
Buy/Sell Conditions:
Buy Signal: Jab candle Fast EMA se oopar hai aur uss point par sabhi 3 EMAs (Fast, Medium, Slow) se oopar hai.
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.
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.
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.