OPEN-SOURCE SCRIPT
Simple EMA Crossover Strategy
Calculates the 35-period and 100-period EMAs.
Detects when the EMA 35 crosses above (crossover_up) or below (crossover_down) the EMA 100.
Plots both EMAs on the chart for visual reference.
Implements the strategy logic:
Enters a long position when EMA 35 crosses above EMA 100.
Exits the long position when EMA 35 crosses below EMA 100.
Plots buy (green triangle) and sell (red triangle) signals on the chart.
backtest 2 years 1 hour timeframe (194% proffit max drawdown 30%)
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 publications is governed by House rules. You can favorite it to use it on a chart.
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