OPEN-SOURCE SCRIPT
EMA X Over
A simple indicator that plots two exponential moving averages (EMAs).
Upon a cross between the two EMAs, the chart will display a customizable marker. This marker may signal a change in direction of the price.
When a cross happened, wait for both EMAs to go in the same direction. The EMAs will both be in the same color when this happened.
When both EMAs are in the same color, look for the established trend.
Furthermore, when the price closes above or below the long EMA, the chart will also display a customizable marker.
Upon a cross between the two EMAs, the chart will display a customizable marker. This marker may signal a change in direction of the price.
When a cross happened, wait for both EMAs to go in the same direction. The EMAs will both be in the same color when this happened.
When both EMAs are in the same color, look for the established trend.
Furthermore, when the price closes above or below the long EMA, the chart will also display a customizable marker.
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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