theodrak

EMA Cross wth Bias

theodrak Updated   
The Script plots 4 Moving averages.
1. Short Moving Average
2. Medium Moving Average
2. Trend Bias (Usually a much slower Moving Average) - Plots in Green when price action is above the line and Red for when price action is below the line.
3. Alerts are triggered when the short MA/ EMA turns. Can be used for Early Entry signals and Exits.
4. Alerts are triggered for Crosses of the Short and Medium MA

Each Moving average line can be confirmed to be a Simple MA or and EMA
Release Notes:
Incorporated Fix to Bullish Turn alerts,
Included a 5th EMA line for Extreme Bullish/Bearish Signals,
Now you can specify the TIME frame you would like to chart on.
Release Notes:
Updated Chart used for the Script
Release Notes:
Updated Chart to reflect usage of the Indicator
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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