OPEN-SOURCE SCRIPT
EMA 20/40 Crossover

//version=5
indicator(title="EMA 20/40 Crossover", shorttitle="EMA Cross", overlay=true)
// Calculate EMAs
ema20 = ta.ema(close, 20)
ema40 = ta.ema(close, 40)
// Detect crossovers
bullCross = ta.crossover(ema20, ema40) // EMA20 crosses above EMA40 (Buy signal)
bearCross = ta.crossunder(ema20, ema40) // EMA20 crosses below EMA40 (Sell signal)
// Plot EMA lines
plot(ema20, color=color.blue, title="EMA 20", linewidth=2)
plot(ema40, color=color.red, title="EMA 40", linewidth=2)
// Plot signals
plotshape(series=bullCross, title="Buy Signal", location=location.belowbar, style=shape.labelup, size=size.small, color=color.green, text="BUY")
plotshape(series=bearCross, title="Sell Signal", location=location.abovebar, style=shape.labeldown, size=size.small, color=color.red, text="SELL")
// Alert setup (optional)
alertcondition(bullCross, title="EMA Bullish Cross", message="EMA 20 crossed above EMA 40 - BUY!")
alertcondition(bearCross, title="EMA Bearish Cross", message="EMA 20 crossed below EMA 40 - SELL!")
indicator(title="EMA 20/40 Crossover", shorttitle="EMA Cross", overlay=true)
// Calculate EMAs
ema20 = ta.ema(close, 20)
ema40 = ta.ema(close, 40)
// Detect crossovers
bullCross = ta.crossover(ema20, ema40) // EMA20 crosses above EMA40 (Buy signal)
bearCross = ta.crossunder(ema20, ema40) // EMA20 crosses below EMA40 (Sell signal)
// Plot EMA lines
plot(ema20, color=color.blue, title="EMA 20", linewidth=2)
plot(ema40, color=color.red, title="EMA 40", linewidth=2)
// Plot signals
plotshape(series=bullCross, title="Buy Signal", location=location.belowbar, style=shape.labelup, size=size.small, color=color.green, text="BUY")
plotshape(series=bearCross, title="Sell Signal", location=location.abovebar, style=shape.labeldown, size=size.small, color=color.red, text="SELL")
// Alert setup (optional)
alertcondition(bullCross, title="EMA Bullish Cross", message="EMA 20 crossed above EMA 40 - BUY!")
alertcondition(bearCross, title="EMA Bearish Cross", message="EMA 20 crossed below EMA 40 - SELL!")
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.