OPEN-SOURCE SCRIPT
EMA & Supertrend
Strategy has been built based on the crossover of 21 EMA (EMA 1) and 55 EMA (EMA 2). Along with with strategy, user can alter the period of EMA 1 & EMA 2 based on their suitability.
When EMA 1 crossover EMA2 or when prices closes above EMA 1 and EMA 1 is greater than EMA 2, strategy will generate Buy signal.
Position gets closed when price closes below EMA 2.
200 EMA, 233 EMA and Supertrend has been added for study purpose.
When EMA 1 crossover EMA2 or when prices closes above EMA 1 and EMA 1 is greater than EMA 2, strategy will generate Buy signal.
Position gets closed when price closes below EMA 2.
200 EMA, 233 EMA and Supertrend has been added for study purpose.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.