OPEN-SOURCE SCRIPT
All EMA cross that you need (200EMA-100-50-20 and(7 optional )
HELLO TRADERS !!
In this indicator, I have considered all crosses for the EMA of 20, 50, 100 and 200 and 1 optional ema(7).
Although the EMAs indicator is very old and sometimes has a lag, but sometimes we have seen exactly a heavy purchase and sharp move happened by the crossover or huge sell and fall by crossunder at the same time , and this shows that institutions and hedge funds use it yet , it is not obsolete yet, so it can still be used well.
As you may know, to use it, you have to be able to consider a series of settings. For example, I usually get very valid signals from it in 4-hour timeframe, I get signal with cross of 50EMA with 100 or with EMA200 cross signals. Of course, there is a slight delay, so I can use it in shorter time frame or use the cross of EMA 20 with higher EMAs to enter or exit earlier.
But consider this point, for example, in the image below, as long as EMA50 does not have crosses with 100 or 200 , we can not be sure of a change in market trends, and we see that most returns are actually pullbacks to higher EMAs that act as resistance, and we can even do it again. so you can Add funds to your positions in the pullbacks.
Hope you enjoy using it
In this indicator, I have considered all crosses for the EMA of 20, 50, 100 and 200 and 1 optional ema(7).
Although the EMAs indicator is very old and sometimes has a lag, but sometimes we have seen exactly a heavy purchase and sharp move happened by the crossover or huge sell and fall by crossunder at the same time , and this shows that institutions and hedge funds use it yet , it is not obsolete yet, so it can still be used well.
As you may know, to use it, you have to be able to consider a series of settings. For example, I usually get very valid signals from it in 4-hour timeframe, I get signal with cross of 50EMA with 100 or with EMA200 cross signals. Of course, there is a slight delay, so I can use it in shorter time frame or use the cross of EMA 20 with higher EMAs to enter or exit earlier.
But consider this point, for example, in the image below, as long as EMA50 does not have crosses with 100 or 200 , we can not be sure of a change in market trends, and we see that most returns are actually pullbacks to higher EMAs that act as resistance, and we can even do it again. so you can Add funds to your positions in the pullbacks.
Hope you enjoy using it
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.