Options Ema Cross Strategy By Resaka

9 hours ago

Key Components
Indicators Used:

EMA (Exponential Moving Average): 8 and 21 periods.
SMA (Simple Moving Average): 100 and 200 periods.
VWAP (Volume Weighted Average Price).
MACD (Moving Average Convergence Divergence): Uses the default settings of 12, 26, and 9.
RSI (Relative Strength Index): 14-period.
Buy (Call) and Sell (Put) Signals:

Call Signal: Triggered when the 8 EMA crosses above the 21 EMA, the trend is bullish, the MACD line is above the signal line, and RSI is above 50.
Put Signal: Triggered when the 8 EMA crosses below the 21 EMA, the trend is bearish, the MACD line is below the signal line, and RSI is below 50.
Position Management:

The script only opens a position if no position is currently open.
A Take Profit is set at a 5% gain from the entry price.
Reset Logic:

Positions are tracked with a positionOpen flag, and the entry price is stored.
The flag resets once the position is exited.
Visualizations:

Plots for EMA, SMA, and VWAP for better clarity.
Background highlights (green for buy zones, red for sell zones).
Buy and sell markers for easier visualization.