OPEN-SOURCE SCRIPT
NIHAD EMA INDICATOR
This indicator uses the crossover of the 20-EMA (short) and the 50-EMA (long) along with the RSI to generate buy and sell signals. A **buy signal** occurs when the 20-EMA crosses above the 50-EMA and the RSI is above 50. A **sell signal** appears when the 20-EMA crosses below the 50-EMA and the RSI is below 50. The indicator displays the EMAs, RSI, and signal markers on the chart, with background colors indicating the trend. Alerts can be set for both signals.
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.