Simple Crossover MME 5/20

Aug 11

Description:
This indicator plots a 5-period Exponential Moving Average (EMA) in red and a 20-period EMA in blue.

It provides clear visual signals for crossovers:

A green triangle appears when the 5 EMA crosses above the 20 EMA (bullish signal).

A red triangle appears when the 5 EMA crosses below the 20 EMA (bearish signal).

Built-in alerts are available for both bullish and bearish crossover events.

Option 2 (More Detailed)
Title: 5 EMA / 20 EMA Crossover Strategy with Visual Signals & Alerts

Description:
This script is designed to track one of the most popular moving average strategies: the crossover between the 5-period and 20-period Exponential Moving Averages (EMA). It's a clean and straightforward tool for identifying potential shifts in short-term trend momentum.

Features:

5-Period EMA: Plotted in Red.

20-Period EMA: Plotted in Blue.

Bullish Crossover Signals: A green triangle is plotted below the price bar when the 5 EMA (Red) crosses above the 20 EMA (Blue), suggesting potential upward momentum.

Bearish Crossover Signals: A red triangle is plotted above the price bar when the 5 EMA (Red) crosses below the 20 EMA (Blue), suggesting potential downward momentum.

Customizable Alerts: The indicator includes built-in alert conditions. You can easily set up real-time notifications for every "buy" (crossover) or "sell" (crossunder) signal.

How to Use:

Add the indicator to your chart.

To receive notifications, create an alert and select this indicator as the condition. Choose either the "Bullish Crossover" or "Bearish Crossover" option.

Aug 11

Release Notes

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