OPEN-SOURCE SCRIPT

Crypto EMA 60/20

Intended for use with Cryptocurrency Markets on the 12 hour time frame, the 60/20 exponential moving average frequency has proven successful for identifying trend bottom formations and for verifying head and shoulders top formations.
Combine the Crypto EMA 60/20 with classical RSI and MACD divergences to help verify impending reversals.

Useful for identifying trend changes in the frequency of four to six month price trends followed by a four to six week reversal, as historically found in cryptocurrency bull and bear markets.

This signal gets noisy if prices trend sideways for more than 30 days - consult daily views.

cryptoCryptocurrencycryptotradingExponential Moving Average (EMA)

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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