OPEN-SOURCE SCRIPT
50 & 200 EMA Strategy
Key Features:
- 50 EMA and 200 EMA: The script calculates and plots these two EMAs.
- Buy Signal: When the 50 EMA crosses above the 200 EMA, a green "BUY" label will appear on the chart, and you'll receive an alert.
- Sell Signal: When the 50 EMA crosses below the 200 EMA, a red "SELL" label will appear, and a sell alert will be triggered.
- Alerts: You will get alerts for both buy and sell signals.
- Visual Background: The background turns green during a bullish crossover and red during a bearish crossover.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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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.