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Exponential Moving Average (EMA)

SSL Hybrid Exit Arrow StrategyBasic concept: Use the SSL Hybrid indicator's EXIT ARROWS to determine trade entry and exit points. Rules: Enter LONG trades on BLUE exit arrows Enter SHORT trades on RED exit arrows Uses up to 3 DCA orders for trade entry Sets a stop loss Does not set any take profit. Relies on opposing arrow to exit current position When filters are set it affects opening of positions, but opposing arrow will always exit trades regardless of filtering options set Additional filtering configuration: If the SSL filter checkbox is checked, then LONG positions can only be opened when SSL1 is below the baseline lower and SHORT positions can only be opened when the SSL1 is above the baseline upper If the QQE MOD checkbox is checked, then LONG positions can only be opened when QQE MOD histogram bars are BLUE and the QQE MOD line is ABOVE 0 and SHORT positions can only be opened when the QQE MOD histogram bars are RED and the QQE MOD line is BELOW 0 Both SSL and QQE MOD filters may be combined to give stricter filtering, however I find it often prevents entry to too many good trades
Pine Script™ strategy
by kevinmck100
34
SSL Hybrid StrategyStrategy based on the SSL Hybrid indicator by Mihkel00 Designed for the purpose of back testing Strategy: Enters both long and short trades based on SSL1 crossing the baseline Stop Loss calculated based on ATR multiplier Option to allow moving of Stop Loss to break even on TP1 Option to turn off Stop Loss and Take Profit which will rely on indicator flip to exit from position Take Profits configurable with up to 5 ATR multipliers and exits percentages (percentages calculated as percentages of original position size, eg. 100 tokens with 3 TPs of 20, 30, 50 would exit the same number of tokens on each TP) Credits: SSL Hybrid Mihkel00 www.tradingview.com
Pine Script™ strategy
by kevinmck100
11
Horizontal Line At Daily Moving AveragesThis script allows you to see the major daily moving average levels on a smaller time frame. One challenge with day trading is, when trading on a smaller time frame, you are not paying as much attention to the daily price levels. One solution might be to select a chart layout on Tradingview which allows you to see both the daily and a smaller time frame at the same time. However, this approach takes up valuable screen space. All you are really looking for is the significant daily price level and the price action near that level. This script allows you to merge the 2 goals on 1 chart. You have the smaller time frame open to monitor detailed price action and horizontal lines at the major moving average levels. Red: 9 EMA Navy: 20 MA Green: 50 MA Blue: 100 MA Purple: 200 MA
Pine Script™ indicator
by DavidTammari
8
_CM_Ultimate_MA_MTF_V4***For a Detailed Video Overview Showing all of the Settings... Click HERE to View Video New _CM_Ultimate_MA_MTF_V4 - Update - 08-24-2021 Thanks to @SKTennis for help with code Added Ability to Plot 1 or 2 Moving Averages - Fast MA & Slow MA Added Ability to Plot Fast MA with Multi TimeFrame Added Ability to Plot Slow MA with Multi TimeFrame Added Ability to Color Fast MA Based on Slope of MA Added Ability to Color Fast MA based on being Above/Below Slow MA Added Ability to Plot 8 Types of Moving Averages Simple, Exponential, Weighted, Hull, VWMA, RMA, TEMA, & Tilson T3 Added Ability to Set Alerts Based on: Slope Change in the Fast MA Or Fast MA Crossing Above/Below Slow MA. Added Ability to Plot "Fill" if Both Moving Averages are Turned ON Added Ability to control Transparency of Fill Added Alerts to Settings Pane. Customized how Alerts work. Must keep Checked in Settings Pane, and When you go to Alerts Panel, Change Symbol to Indicator (_CM_Ultimate_MA_MTF_V4) Customized Alerts to Show Symbol, TimeFrame, Closing Price, & Moving Average Signal Name in Alert Alerts are Pre-Set to only Alert on Bar Close See Video for Detailed Overview New Updates Coming Soon!!! ***Please Post Feedback and Any Feature Requests in the Comments Section Below***
Pine Script™ indicator
by ChrisMoody
56
Bollinger bands + EMAI discovered a video on YouTube which was published on Jan 22, 2021. I just coded on TradingView. It's performing better in smaller TimeFrames (1m, 5m, ...). How does it work? How to use? This is based on Bollinger Bands and Exponential Moving Average. The logic is so simple: It will wait until the a candle starts to poke out of the BB. When it figures out a price outside the band, it will be altered for next candle. If the next candle close back inside the band, it will be marked with a up triangle (for long positions) or down triangle (for short positions). The take profit level would be the Exponential Moving Average. It can be used as a confirmation alongside other techno fundamental tools and analysis. P.S. As it's prohibited by community rules to link to outside, while it seems to be a kind of advertisement, I cannot share the link to the video. Cheers to those creative and kind YouTubers!
Pine Script™ indicator
by tayyebi
Crypto Scalper Divergence Macd Psar Ema 200This is a very efficient crypto scalper adapted to very short timeframes, however it can be optimized for other timeframes and assests as well. Its components are MACD P SAR EMA 200 Risk management Rules for entry: For short : we have an uptrend on PSAR , histogram is positive (divergence MACD) and close of a candle is below EMA 200 For long : we dont have an uptrend on PSAR, histogram is negative(divergence MACD) and close of a candle is above EMA 200 Rules for exit: We exit when we either find a reverse condition than the entry one, or based on stop loss/take profit that are calculated on % movements of the price. If you have any questions, let me know !
Pine Script™ strategy
by exlux
25
ExpertToken Buy/Sell SignalExpertToken Buy/Sell Signal เป็นอินดิเคเตอร์ที่สามารถบอกสัญญาณการซื้อขาย และบอกแนวโน้มของราคาได้ หลักการทำงาน สัญญาณ Buy/Sell ถูกกำหนดโดยการใช่ CCI วัดโมเมนตัมการซื้อขาย หาก CCI ส่งสัญญาณว่าแรงขายเยอะเกินไป และมีแนวโน้มราคาจะกลับตัวสูงขึ้น ก็จะส่งสัญญาณ Buy แต่หาก CCI ส่งสัญญาณว่าแรงซื้อเยอะเกินไป และมีแนวโน้มราคาจะกลับตัวต่ำลง ก็จะส่งสัญญาณ Buy เส้นสีน้ำเงินเป็นเส้น EMA 200 ไว้ใช้บอกแนวโน้มระยะยาว เมฆขาว ประกอบไปด้วย เส้นสีเขียว(เส้น EMA เคลื่อนที่เร็ว) และเส้นสีแดง(เส้น EMA เคลื่อนที่ช้า) โดยให้ทั้งสองเส้นตัดกันเพื่อบอกสัญญาณการกลับตัว ค่าเริ่มต้นของทั้งสองเส้นเป็น 20, 50 วิธีการใช้อินดิเคเตอร์ ขั้นตอนแรก ให้ดูเส้นสีน้ำ หากราคาอยู่เหนือเส้นสีน้ำเงิน อาจมีแนวโน้มที่ราคาจะขึ้น ขั้นตอนที่สอง ให้ดูเมฆ ที่ถูกสร้างขึ้นโดยการน้ำเส้น EMA 2 เส้น สีเขียวและสีแดง หากเส้นสีเขียวอยู่เหนือเส้นสีแดง ราคาอาจมีแนวโน้มที่ขึ้น หากเส้นสีแดงอยู่เหนือเส้นสีเขียว ราคาอาจจะลง แต่ถ้าหากราคาอยู่ในโซนเมฆขาว(ราคาอยู่ระหว่างเส้นเขียวกับสีแดง) ราคาอยู่ในช่วงเป็นกลาง สุดท้าย หากมีข้อความบอกสัญญาณบอกว่า Buy หรือ Sell ให้พิจารณาจากสองขั้นตอนก่อนหน้านี้ หากมันสอดคล่องกับสองขั้นตอนก่อนหน้านี้ ให้พิจารณาการเปิดตำแหน่งตามสัญญาณ ################################################################################################ ExpertToken Buy/Sell Signal is an indicator that can give you trading signals. and tell the trend of the price How it works Buy/Sell signals are determined by using CCI to measure trading momentum. If CCI signals too much selling pressure and there is a tendency for the price to reverse higher It sends a buy signal, but if CCI signals that it is overbought and the price tends to reverse lower will send signal Buy The blue line is the EMA 200 line to indicate a long-term trend. The white cloud consists of a green line (fast moving EMA line) and a red line (slow moving EMA line), with the two lines intersecting to signal a reversal. The default values ​​for both lines are 20, 50. How to use the indicator The first step is to look at the watercolor lines. If the price is above the blue line There may be a tendency for prices to go up. The second step is to look at the clouds that are created by watering the 2 EMA lines, green and red. If the green line is above the red line The price may tend to go up. If the red line is above the green line, the price may go down, but if the price is in the white cloud zone (the price is between the green and red line), the price is in the neutral range. Finally, if there is a signal to say Buy or Sell, consider the previous two steps. If it complies with the previous two steps Consider opening a position based on a signal.
Pine Script™ indicator
by AlexB1337
8
[bjb] tEMAs - Triple Exponential Moving Averages, by BlueJayBirdIs it not a pain in the butt not to find a simple script like this one in TV? I didn't find one, so I made it. Features: - Simple script with 3 simple Exponential Moving Averages. Special features: - Settable time resolution. - Colored fill between EMA20/50 pair, and between EMA50/200 pair. More useful than you think: - I've found it specially useful for detecting Elliot Wave patterns. The fill colors make them stand out. Use EMA20/50 pair for this. - The resolution change makes EMAs studies from higher timeframes, at lower time frames, more accurate. Try from 1m timeframe, setting the tEMAs resolution to 1h. Like, follow and comment. 💯
Pine Script™ indicator
by BlueJayBird
Multi-timeframe MAs + Stoch RSI SignalsHello traders, I welcome you to my first published script on TradingView: “Multi-timeframe Moving Averages + Stochastic RSI”. The script is based on a simple formula: Buy signals are generated when a fast moving average is above a slower moving average (uptrend) and the Stochastic RSI K line is crossing above the oversold level (entry). Sell signals are generated when a fast moving average is below a slower moving average (downtrend) and the Stochastic RSI K line is crossing below the overbought level (entry). This indicator works best in strong trends! **Please note the above example has repainting turned on which may produce unrealistic results when viewing historical data. See below for more information regarding this and how you can turn it off.** The user has the following inputs: - Option to change the Stochastic RSI settings, including the oversold and overbought levels. - Option to enter any value for both the Fast Moving Average and the Slow Moving Average. - Option to change between EMA or SMA for each moving average. - Multiple time frames to choose from, as well as the ability to selectively turn off individual time frames (both plots and alerts). (Default time frames are 1 hour, 4 hour, and Daily. You can have a 4th time frame by changing your current time frame to something lower than the other 3 time frames) - Turn on/off repainting: If repainting is turned on you will get an alert and buy/sell signal on chart immediately when condition is met, however the signal may disappear from chart if the condition reverses during the same candle. If repainting is turned off, the indicator will wait for the candle to close before issuing the alert and painting the signal on chart. For higher time frames, the indicator will wait for the candle in the higher time frame to close before issuing a signal if repaint is turned off. Default is set to Repaint on, so please be aware of this if you do not want repainting. How to use alerts: - Before you do anything, make sure your current time frame is the lowest time frame you’d like alerts on, as you will still receive alerts for the higher time frames you selected in settings. - Once you have all the settings changed to how you like, save your chart first. Then right click on any of the indicator’s buy/sell signals on the chart and click “Add Alert on MAs + Stoch RSI”. - Make sure “Any alert() function call” is selected under the Condition. - You can delete or change the text in “Alert name” if you want as the alert message is already built into the indicator, and it will tell you in the alert message which asset and time frame to buy or sell. Other things to note: - The indicator will not display the buy/sell signals of lower time frames when you are on a higher time frame. This was done purposely to reduce clutter on the chart when you switch to higher time frames. - While the alert message will tell you which time frame a signal was generated, the plots on the chart will instead show “Buy/Sell TF1, or TF2, or TF3”. If the signal is from the current time frame that the alert was created on, then it will simply show “Buy” or “Sell”. Hope you guys enjoy using this one, please drop a like if you found it useful. If anyone wants to modify my script in any way, please just credit me for the original work when you publish the script. Good luck!
Pine Script™ indicator
by tommyf1001
12
Falcon Commodity Channel IndexFalcon CCI indicator is a superb indicator for anyone who wants to dig deep and still float. The trading lifestyle requires you to be one step ahead of everyone else, while doing so, you want to manage risk, enter at correct positions and perhaps exit at correct positions too. Exiting at correct positions is so over rated, people tend to forget that exit is as important as entry and therefore we need to make sure that we use a good indicator setup that helps us to do that. Falcon CCI Indicator is a receipe developed by me during recent Bitcoin slump, where we really needed something more to help us get pass through ups and downs, sudden movements and volatility in the market. This indicator is perfect even for the swing and trend traders, intra day and day traders who want a quick win, rather than invest for long term. Here are entry and exit plans based on this indicator:- Setup: I keep CCI at 20, MA at 14 and EMA at 7 but I change it depending on the stock or crypto. Truth is, you can play with it and find what is best for your trading setups, but once you are done, it really works. Buy: Buy when CCI crosses above MA or EMA , but CCI should be below 50 Sell: Sell when CCI crosses below MA or EMA (You need to choose), CCI should be above 150 There can be other entry and exit based on just CCI values, and therefore I have added some max and min inputs too in the indicator, e.g. Buy when CCI is -180 and sell when CCI is 300. Trading is a long process. To all my friends who have lost in futures , or anywhere else in the market, don't worry, just follow the process and follow your own rules. Don't break them. You can connect with me on Trading View, message me to discuss this further. Happy to take your questions. P.S you can also add linear regression to this to give you certain price points, for market tops or bottoms within the time frame.
Pine Script™ indicator
by Falcon_Trader_1
6
Two EMA Cross+ IndicatorHello traders! Today we gonna demonstrate out heuristic of classical EMA Indicator. We decided to simplify your trading staff and add some meta data. So, let’s look at it from the very beginning and initially speak about what EMA is and then I’ll tell you why our indicator is extremely convenient and useful. So, what is EMA? An exponential moving average ( EMA ) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average . An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average ( SMA ), which applies an equal weight to all observations in the period. Key takeaways: -The EMA is a moving average that places a greater weight and significance on the most recent data points. -Like all moving averages, this technical indicator is used to produce buy and sell signals based on crossovers and divergences from the historical average. As you know, EMA Cross is one of basic and most popular Entry Indicators. It’s kinda easy to understand and even easier to use. This indicator consists of two EMAs - fast (red line) and slow (blue line). Fast EMA is EMA of less length that the fast EMA (default parameter is 9). Thus, it reacts the price change more actively than the slow. We can say that it takes into consideration the most actual price movements. Speaking about slow EMA (default parameter is 30) it’s more inert and it’s more difficult to change its action vastly. We can say that the EMA «looks» at the historical data more accurate, but doesn’t forget about actual price movements. But how it works? Trivial. When the fast EMA crosses the slow bellow, it provides bearish signal, whereas when it crosses it above, it’s bullish signal. Even more, we added some «confirmation» factor. As you know, when the price is above the slow EMA, the slow EMA plays the role of support line for price and means that the price is in uptrend. Thus, when we see the cross above and it takes place under the price, we called it «strong Bullish Signal». When the price is bellow the slow EMA, slow EMA is resistance. Thus, when we see the cross bellow and it’s under the slow EMA, we called it «strong Bearish Signal». To make your trading process easier, we plotted the places of crosses on the chart and added the descriptions of the crosses. The flags mean the place of cross. The default parameters have nice backtest on 1H chart. However, you can also change them depending on your goals and the time period. The places of cross looks like flags (red flag is «bearish» cross, green - «bullish»). As you can see, it’s really convenient. I hope you’ll enjoy our heuristic of classical EMA Cross. We are sure that the meta data that we are taking into consideration makes the signals more accurate and the deals more profitable. The SkyRock Team with support of Trading View try to make your trading process more successful and profitable. Every day we works in conjunction to boost both your skills and trading balance. We hope, it’s really useful for you, dear traders!
Pine Script™ indicator
by Skyrexio
6
SNL Popular Moving Averages MTFSNL△ Popular Moving Averages MTF Short title: PopMAs These are popular moving averages used by various traders and they are multi-timeframe, i.e. you can see the 200 day SMA on a 15 minute chart. Four moving averages are also included for the current timeframe (20, 50, 100 and 200 EMA). Not all moving averages are enabled by default. You can turn individual moving averges on or off in the "Style" tab of the indicator's settings. The way I see moving averages is that they do not represent a magic mathematical truth, but are simply the result of many people agreeing on the same parameters. I guess the origin were five working days in a week and therefore a month would be four times five, i.e. a 20 day SMA. 200 days are probably an estimate of the work days in a year and the 50 day SMA represents a quarter year. There are many indicators on TradingView that offer various adjustable moving averages, including combinations and multi-timeframe. But my interest was to have an indicator with the most popular moving averages and it should be multi-timeframe capable. By design I did not want to make the periods adjustable, but you could add this easily if you like. Here are some examples of poplular moving averages: 20 unit EMA : support on 4h BTC chart, Carl the Moon 20, 50, 100, 200 day SMA : classic trading all charts, Benjamin Cowen, Tone Vays 20, 50, 100, 200 week SMA: Benjamin Cowen 21 week EMA: well known BTC support, Benjamin Cowen 800 hour EMA: Traders Reality -> not possible in TradingView, represented as 33 day EMA Known problems: - I have not found a way to turn off floating labels according to a plot's state chosen in the "Style" tab. So you will still see the label floating around even if you have turned off the moving average's line. But you can always turn of all the floating labels in the settings. - I have observed unexpected differences on multi-timeframe values: For example, looking at the true 20 week SMA on a weekly BTC chart showed a present time value of 43821 USD, but the value was 43908 USD for the result of this call used in this script: security(syminfo.tickerid, "W", sma(close, 20)) The difference went away when switching my chart to weekly and back to 15 minutes. Please comment if you know of other moving averages that are often and successfully used or if you find that one of the included moving averages is irrelevant and should be removed from this script. And I would very much appreciate any input regarding the mentioned known problems.
Pine Script™ indicator
by StaticNoiseLog
Bollinger Bands + Moving Average (BBMA Oma Ally)Found this strategy in babypips forums.babypips.com This strategy using BB and MA BBMA Oma Ally Trading Technique I’m just sharing this Forex Technique that helping me making positive result. In BBMA, BB (Bollinger Bands) act as Dynamic Support and Resistance. SETTING OF BBMA - BOLLINGER BANDS Period : 20 Deviations : 2 Shift : 0 Apply to : Close Style : Dodge Blue MA (Moving Average) are used to detect potential entry point. SETTING OF BBMA - MOVING AVERAGE Ma5 Hi Period : 5 Ma Method : Linear Weighted Apply to : High Style : Red Ma10 Hi Period : 10 Ma Method : Linear Weighted Apply to : High Style : Yellow Ma5 Low Period : 5 Ma Method : Linear Weighted Apply to : Low Style : Magenta Ma10 Low Period : 10 Ma Method : Linear Weighted Apply to : Low Style : White Ma50 Period : 50 Ma Method : Exponential Apply to : Close Style : Lime . EXTREM (SIGNAL) Extrem is an early signal to say the Market journey is beginning to end - but not yet confirmed Will only confirm when there is a reversal candle. Extrem is not valid when there is a CS momentum, although Ma outside BB. CHARACTERISTICS OF EXTREM Ma out of Top / Low BB (will not valid if there is cs momentum, although Ma is outside BB) Reverse candle must exist, as it indicates the journey of a Market is ending (not necessarily 1 or 2 cs) Retest candle (entry point) Entry at Highest or Lowest volume Entry retest candle at Ma5 or body candle MHV (LOSS VOLUME MARKET) (SETUP) It is a setup for the beginning of long distance Market journey This setup gives a validation for the Extrem signal earlier It is to show the loss of strength for the market. MHV is valid once CSA (direction candle) appear ***If the candle close NOT above or below Top / Low BB after the first Reentry, after MHV there is a directional candlestick, then there will be a reentry and after the reentry there is no momentum “COMPULSORY TP” CHARACTERISTICS OF MHV : Candle CANNOT close above or below Top / Low BB Must have reverse candle, because reverse candle is confirming the end of the journey (Marking at candle body) Retest candle (entry point) at Ma5 or highest volume / lowest at that current time Must happen after Extrem TYPES OF MHV 5 types but i can only post 1 photo. So sorry i cant give more on this. RE-ENTRY CHARACTERISTICS OF REENTRY Candle close can not pass Ma5 / Ma10 It will be strong when the candle close does not pass Ma5 / Ma10 and also Mid BB Candle close did not come in. He found Ma5 / Ma10 and mid BB at that Time would make the re-entry stronger If there is a re-entry in Ma5 / Ma10 and mid BB, the minimum of 3 drops of candles or increments (follow TF) re-entry will be strong Following market trend, then just search for re-entry and entry Wait for the second candle, because the first candle validates the reentry and the second candle is for entry
Pine Script™ indicator
by makena69
4
Pi Cycle bitcoin bottomFull credits go to the owner, but for reasons i cannot diclose. Introduction With the adoption of cryptographic assets reaching new heights, it is undeniably important to continuously expand and improve current indicators just like how these assets update with new lines of code over time. Philip Swift’s Pi-Cycle Top Indicator has effectively signaled market and local tops to within 3 days, with the most recent occurrence being on May 12th 2021. If it were possible to find the cycle/local top of each cycle, a similar analogy could be used to pinpoint the bottom of Bitcoin’s price. These Pi-Cycle indicators are merely just two moving averages which, when divided by each other, are equal to the value of π. π = Long MA / Short MA 350/111 = 3.153; as per the existing Bitcoin Pi-Cycle Top indicator. Pi-Cycle Bottom for Bitcoin At first, the existing “Pi moving average” pair (350/111) was realigned to see whether they cross at the bottom of the Bitcoin price. They did not, only to be a lagging indicator in both 2015 and 2018 cycle bottoms. A possible pair was discovered when the short MA was set to 150: π = Long MA / 150 Long MA = π * 150 Long MA = 471 (rounded to the nearest whole number) This resulted in a Pi MA pair of 471/150. Using the multiple x0.745 of the 471-day SMA and the 150-day EMA (exponential average to take into account of short term volatility ), the price of Bitcoin bottoms at where they two moving averages cross: When the 150-day EMA crossed below the 471 SMA *0.475, Bitcoin’s price had bottomed for the market cycle. Over the last two market cycles, this indicator has been accurate to within 3 days also.
Pine Script™ indicator
by Tondy
14
MACD, EMA, Know sure thing, Chopy Market - high adaptabilityHey there :) This is the free version of the script. The following indicators / settings are missing: - Support and resistance zones - dynamic textboxes for alarms when using bots (3 Commas, Alertatron, etc.) - a table showing the current position, indicators and other important information With this script there is the possibility to completely customize the MACD . Starting with the MACD and signal line, the histogram and the color of the histogram. Since the Pinecoders team has previously deleted the script, I will mention the fee settings in a bit more detail: In this script a fee of 0.01% and a slipage of 15 was used. With each trade the total capital (100%) is used with a risk reward of 1 to 1.5. The total capital, i.e. the risk, can be changed at any time under the "Settings" tab at "Equity". I also added an EMA , the Know sure thing indicator and the Chopy Market indicator (by TradingRush) to the script to filter out bad trades. The EMA: Since the EMA is very reliable and shows whether there is an upward or downward trend, it should be used with the indicators in any case. It prevents long trades in downward movements and vice versa. The KST Indicator: The KST indicator has a similar movement as the MACD, but is by and large a bit more time delayed. It filters out false swings of the MACD and thus prevents bad trades. The Chopy Market Indicator by Tradingrush: The Chopy Market indicator, which was introduced by TradingRush in one of its videos, has the ability to detect sideways markets and block zones below this line for trades by means of a fixed value (the line). To exit the trades, I added the following options: ATR Exits. Exits based on past candles (lowest low, highest high). Static exits based on set percentages. In the next days I will create a tutorial for the script, just have a look on my profile. If you have any questions about the script, let me know.
Pine Script™ strategy
by TradingStrategyCheck
1
BTC Sentiment analysis RSI 2xEMAThis is a CRYPTO correlation strategy, which is using BTC sentiment with BITFINEX long and short ratios. WIth them we are making from one side 2 RSI, one for long and another for short. And from another side, we are going to make multiple EMA's, using the ratios for long and short. Rules for entry For this scenario I created a long only strategy. The long entry condition is : we have a crossover of the rsi long ratio with rsi short ratio and long ratio from BITFINEX is above the long EMA and short ratio from BITFINEX is below short EMA. We exit when we get the opposite condition, in this case we have a crossunder of the rsi long ratio with rsi short ratio and long ratio from BITFINEX is below the long EMA and short ratio from BITFINEX is above short EMA. If you have any questions, let me know !
Pine Script™ strategy
by exlux