OPEN-SOURCE SCRIPT
EMA Cross 5/8
This EMA 5/8 Crossover Indicator highlights short-term trend shifts by tracking the interaction between the 5-period Exponential Moving Average (EMA) and the 8-period EMA.
How It Works:
Bullish Crossover (Golden Cross) → The 5 EMA crosses above the 8 EMA, signaling potential upward momentum.
Bearish Crossover (Death Cross) → The 5 EMA crosses below the 8 EMA, indicating possible downward movement.
White “X” markers overlay the candles where crossovers occur, making it easy to spot trend changes.
Features:
✅ Customizable Colors – 5 EMA in Yellow (#FCE705), 8 EMA in Pink (#FF10F0), and Crosses in White.
✅ Alerts – Get real-time notifications when a crossover happens.
✅ Ideal for Scalping & Trend Reversals – Designed for short-term traders who need fast-moving signals.
💡 Best Used With: Additional indicators like RSI, MACD, or Volume for confirmation.
🚀 Trigger Type: Recommended to use “Once Per Bar Close” to reduce false signals.
How It Works:
Bullish Crossover (Golden Cross) → The 5 EMA crosses above the 8 EMA, signaling potential upward momentum.
Bearish Crossover (Death Cross) → The 5 EMA crosses below the 8 EMA, indicating possible downward movement.
White “X” markers overlay the candles where crossovers occur, making it easy to spot trend changes.
Features:
✅ Customizable Colors – 5 EMA in Yellow (#FCE705), 8 EMA in Pink (#FF10F0), and Crosses in White.
✅ Alerts – Get real-time notifications when a crossover happens.
✅ Ideal for Scalping & Trend Reversals – Designed for short-term traders who need fast-moving signals.
💡 Best Used With: Additional indicators like RSI, MACD, or Volume for confirmation.
🚀 Trigger Type: Recommended to use “Once Per Bar Close” to reduce false signals.
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 publications is governed by House rules. You can favorite it to use it on a chart.
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