WJA double EMA — Indicator by Wjadevries

ema average moving

Simple indicator with two exponential moving averages and crossover alert.
Why didn't this exist already?

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

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Want to use this script on a chart?

//@version=2
study("WJA double EMA", overlay=true)

slowperiod = input(50, title="Slow EMA period", minval=1, type=integer)
fastperiod = input(20, title="Fast EMA period", minval=1, type=integer)

slowema = ema(close, slowperiod)
fastema = ema(close, fastperiod)

plot(slowema, color=blue, linewidth=2, title="Slow EMA")
plot(fastema, color=fuchsia, linewidth=2, title="Fast EMA")

plot(cross(slowema,fastema) ? fastema : na, style=circles, linewidth=4, color=slowema>fastema ? red : green)

alertcondition(cross(slowema,fastema), title="EMA cross", message="EMA cross")