OPEN-SOURCE SCRIPT
Moving Average Simple
//version=5
indicator("EMA 20 and 200 Crossover Strategy", overlay=true)
// Input parameters
emaShortLength = input.int(20, title="Short EMA Length", minval=1)
emaLongLength = input.int(200, title="Long EMA Length", minval=1)
// Calculate EMAs
emaShort = ta.ema(close, emaShortLength) // 20-period EMA
emaLong = ta.ema(close, emaLongLength) // 200-period EMA
// Plot EMAs
plot(emaShort, color=color.blue, title="EMA 20", linewidth=2)
plot(emaLong, color=color.red, title="EMA 200", linewidth=2)
// Crossover Conditions
buySignal = ta.crossover(emaShort, emaLong) // EMA 20 crosses above EMA 200
sellSignal = ta.crossunder(emaShort, emaLong) // EMA 20 crosses below EMA 200
// Plot Buy/Sell Signals
plotshape(series=buySignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY")
plotshape(series=sellSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL")
// Alerts
alertcondition(buySignal, title="Buy Signal Alert", message="EMA 20 crossed above EMA 200: Buy Signal")
alertcondition(sellSignal, title="Sell Signal Alert", message="EMA 20 crossed below EMA 200: Sell Signal")
indicator("EMA 20 and 200 Crossover Strategy", overlay=true)
// Input parameters
emaShortLength = input.int(20, title="Short EMA Length", minval=1)
emaLongLength = input.int(200, title="Long EMA Length", minval=1)
// Calculate EMAs
emaShort = ta.ema(close, emaShortLength) // 20-period EMA
emaLong = ta.ema(close, emaLongLength) // 200-period EMA
// Plot EMAs
plot(emaShort, color=color.blue, title="EMA 20", linewidth=2)
plot(emaLong, color=color.red, title="EMA 200", linewidth=2)
// Crossover Conditions
buySignal = ta.crossover(emaShort, emaLong) // EMA 20 crosses above EMA 200
sellSignal = ta.crossunder(emaShort, emaLong) // EMA 20 crosses below EMA 200
// Plot Buy/Sell Signals
plotshape(series=buySignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY")
plotshape(series=sellSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL")
// Alerts
alertcondition(buySignal, title="Buy Signal Alert", message="EMA 20 crossed above EMA 200: Buy Signal")
alertcondition(sellSignal, title="Sell Signal Alert", message="EMA 20 crossed below EMA 200: Sell Signal")
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.