OPEN-SOURCE SCRIPT
2 EMA CROSS
The "2 EMA CROSS" indicator is a powerful and user-friendly tool tailored for traders looking to pinpoint potential market entry and exit points through the use of exponential moving average (EMA) crossovers. This indicator features two EMAs: a fast EMA (default period of 25) and a slow EMA (default period of 50), allowing traders to easily identify bullish or bearish signals directly on their charts.
Bullish Signal: When the fast EMA crosses above the slow EMA, it suggests a potential buying opportunity, marked by a green signal.
Bearish Signal: Conversely, when the fast EMA crosses below the slow EMA, it indicates a potential selling opportunity, shown by a red signal.
The "2 EMA CROSS" indicator is highly customizable, allowing users to choose their preferred type of moving averages and source data. This versatility makes it suitable for a variety of trading strategies. Whether you are a novice or an experienced trader, the "2 EMA CROSS" provides clear and intuitive visual cues to enhance your trading decisions.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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