OPEN-SOURCE SCRIPT
Updated 5-8 EMA Cross with added 20 EMA
This is a simple EMA cross script to get into trades early using a 5/8 EMA cross but also allows you to filter out risky trades using the 20 EMA. For long trades the cross is not a valid signal if it occurs below the 20 EMA and vice versa.
Release Notes
Corrected error in crossover for the script. Now shows 5-8 crossover properly
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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Disclaimer
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