EMA GOLDEN & DEATH CROSS

Golden Cross And Death Cross

A golden cross and a death cross are exact opposites. A golden cross indicates a long-term bull market going forward, while death cross signals a long-term bear market. Both refer to the solid confirmation of a long-term trend by the occurrence of a short-term moving average crossing over a major long-term moving average. (source: investopedia)

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In this indicator we are using Exponential Moving Averages. Use this indicator with TradingView black template chart for a better view

Release Notes:

//@version=4
study(title="EMA GOLDEN & DEATH CROSS", shorttitle="CROSS", overlay=true)
CrossBarColor = input(true, title = "Filtered Bar/Candle Color")
GoldenCrossBG = input(true, title= "Cross Background Color")

len = input(8, minval=1, title="Fast Filter")
src = input(close, title="Source")
FILTER1 = ema(src, len)

len2 = input(13, minval=1, title="Slow Filter")
src2 = input(close, title="Source")
FILTER2 = ema(src2, len2)

len3 = input(100, minval=1, title="Fast EMA")
src3 = input(close, title="Source")
FAST = ema(src3, len3)

len4 = input(200, minval=1, title="Slow EMA")
src4 = input(close, title="Source")
SLOW = ema(src4, len4)


ColorMe = FAST >= SLOW ? color.lime : color.red
FillColor = FILTER1 >= FILTER2 ? color.lime : color.red

p1 = plot(FILTER1, color=color.white, linewidth=1, title="Filter Fast")
p2 = plot(FAST, color=color.lime, linewidth=2, title="Fast EMA")

p3 = plot(FILTER2, color=color.yellow, linewidth=1, title="Filter Slow")
p4 = plot(SLOW, color=color.red, linewidth=2, title="Slow EMA")

fill(p1, p2, color=FillColor, transp=80, title="Fill Filter")
fill(p2, p3, color=color.silver, transp=90, title="Silver Cross")

bgcolors = GoldenCrossBG ? ColorMe: na
bgcolor(color=bgcolors, transp=80)

barcolor(CrossBarColor ? close >= FILTER1 ? color.lime : color.red : na)

GoldenCross = crossover(FAST, SLOW)
DeathCross = crossunder(FAST, SLOW)

plotshape(series = GoldenCross, location=location.bottom, style=shape.triangleup, color=color.lime, transp=0, text="GOLDEN CROSS", size=size.normal)
plotshape(series = DeathCross, location=location.top, style=shape.triangledown, color=color.red, transp=0, text="DEATH CROSS", size=size.normal)

Release Notes:

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Release Notes:

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