OPEN-SOURCE SCRIPT
EMA Cross 3-30 strong buy signal
This script implements a robust EMA (Exponential Moving Average) crossover strategy with customizable parameters for generating strong buy and sell signals. Below are the key features and how you can use and optimize it:
Features
Customizable EMAs:
EMA1 (short-term) and EMA2 (long-term) are adjustable for specific trading styles.
Alerts and Notifications:
Provides alerts for EMA crossovers, with distinct notifications for buy and sell signals.
Dashboard Display:
Displays EMA-related conditions in a dashboard on the chart.
Bar and Background Coloring:
Colors the bars and background based on the EMA crossover and price relationship.
Chart Indicators:
Plots EMA lines and fills the area between them to visualize the trend.
Custom Bar Coloring:
Highlights bullish and bearish trends based on price crossing above/below the EMAs.
How to Optimize
Adjust EMA Lengths:
Shorter lengths (e.g., 3 and 30) suit faster-moving markets.
Longer lengths (e.g., 12 and 50) are better for smoother signals in less volatile markets.
Test Across Markets and Timeframes:
Backtest the script on various assets (e.g., Forex, stocks, or crypto).
Use different timeframes to find what works best for your trading strategy.
Enable Alerts:
Turn on alerts to receive real-time notifications when buy or sell signals trigger.
How It Works
Buy Signal: Triggered when the price crosses above both EMA1 and EMA2.
Sell Signal: Triggered when the price crosses below both EMA1 and EMA2.
Trend Display: The dashboard shows whether the price is above or below each EMA.
Features
Customizable EMAs:
EMA1 (short-term) and EMA2 (long-term) are adjustable for specific trading styles.
Alerts and Notifications:
Provides alerts for EMA crossovers, with distinct notifications for buy and sell signals.
Dashboard Display:
Displays EMA-related conditions in a dashboard on the chart.
Bar and Background Coloring:
Colors the bars and background based on the EMA crossover and price relationship.
Chart Indicators:
Plots EMA lines and fills the area between them to visualize the trend.
Custom Bar Coloring:
Highlights bullish and bearish trends based on price crossing above/below the EMAs.
How to Optimize
Adjust EMA Lengths:
Shorter lengths (e.g., 3 and 30) suit faster-moving markets.
Longer lengths (e.g., 12 and 50) are better for smoother signals in less volatile markets.
Test Across Markets and Timeframes:
Backtest the script on various assets (e.g., Forex, stocks, or crypto).
Use different timeframes to find what works best for your trading strategy.
Enable Alerts:
Turn on alerts to receive real-time notifications when buy or sell signals trigger.
How It Works
Buy Signal: Triggered when the price crosses above both EMA1 and EMA2.
Sell Signal: Triggered when the price crosses below both EMA1 and EMA2.
Trend Display: The dashboard shows whether the price is above or below each EMA.
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.
Want to use this script on a chart?
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.