OPEN-SOURCE SCRIPT
EMA Crossover Signal 20 || 50 VK
The EMA Crossover Signal is a simple yet effective trend-following indicator designed to help traders identify potential buy and sell opportunities based on Exponential Moving Average (EMA) crossovers.
🔹 Features:
✔️ 20 EMA & 50 EMA: Identifies trend direction using fast and slow EMAs.
✔️ 9 EMA: Additional short-term EMA for refined analysis.
✔️ Buy & Sell Signals:
Buy Signal (Green Arrow): When the 20 EMA crosses above the 50 EMA (bullish crossover).
Sell Signal (Red Arrow): When the 20 EMA crosses below the 50 EMA (bearish crossover).
✔️ Dynamic Candle Coloring:
Green Candles on a bullish crossover.
Red Candles on a bearish crossover.
✔️ Customizable Parameters: Adjust EMA lengths as per your trading strategy.
🔹 Perfect for trend traders and swing traders looking for clear, rule-based entry and exit signals.
🔸 How to Use?
Uptrend: Look for a bullish crossover (20 EMA > 50 EMA).
Downtrend: Watch for a bearish crossover (20 EMA < 50 EMA).
Can be used in combination with RSI (commented in the script) for additional confirmation.
🚀 Enhance your trading strategy with this simple yet powerful EMA crossover system!
🔹 Features:
✔️ 20 EMA & 50 EMA: Identifies trend direction using fast and slow EMAs.
✔️ 9 EMA: Additional short-term EMA for refined analysis.
✔️ Buy & Sell Signals:
Buy Signal (Green Arrow): When the 20 EMA crosses above the 50 EMA (bullish crossover).
Sell Signal (Red Arrow): When the 20 EMA crosses below the 50 EMA (bearish crossover).
✔️ Dynamic Candle Coloring:
Green Candles on a bullish crossover.
Red Candles on a bearish crossover.
✔️ Customizable Parameters: Adjust EMA lengths as per your trading strategy.
🔹 Perfect for trend traders and swing traders looking for clear, rule-based entry and exit signals.
🔸 How to Use?
Uptrend: Look for a bullish crossover (20 EMA > 50 EMA).
Downtrend: Watch for a bearish crossover (20 EMA < 50 EMA).
Can be used in combination with RSI (commented in the script) for additional confirmation.
🚀 Enhance your trading strategy with this simple yet powerful EMA crossover system!
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.