GcNaif

GC Magic Overlay V2

ema
This script is based on Guppy method (www.guppytraders.com/gup329.shtml
) , it was introduced to me by fellow trader @nmike. I am using this script in conjunction to Clones ,Harmonic and other tools.

Script Function:
a. Script plots the fast and slow Exponential moving averages as ribbons.
EMA's used
EMA (close): 25,30,35,40,45,50,55 (Green)
EMA (close): 89,99,109,119,129,139,149 (Red)
b. It draws the Circle dots in Pink for Sell and Black for Buy.

Script Parameters:
a. EMA : 2 emas for cross
b. Signal Exponential moving average
c. which time frame to Plot the above Signal Exponential
d. Show Guppy Slow - Red - Toggle to show red emas on chart
e. Show Guppy Fast - Green- Toggle to show green emas on chart

How to Trade:
a. Wait for the Pink/Black Dot to appear on Chart
b. Do not take trade immediately after the dot appears. Wait for the price to retrace back and touch the ema ribbons.This will keep you away from fake breakouts.
c. Rentries : in examples below

Examples:

I am a Chart Slave.Thank you TradingView and @nmike.
Script de código aberto

Dentro do verdadeiro espírito TradingView, o autor deste script publicou ele como um script de código aberto, para que os traders possam compreender e checar ele. Um viva ao autor! Você pode usá-lo gratuitamente, mas a reutilização deste código em uma publicação é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.

Quer usar esse script no gráfico?
//@version=1
//based on Guppy method
//Written by : Gc Naif
//Written on : 12/31/2015

study("GC Magic Overlay V2", overlay = true, scale = scale.right)

//input(title="Offset", type=integer, defval=7, minval=-10, maxval=10)

ema55 = input(55,  title="EMA 1",minval=55)
ema149= input(149,  title="EMA 2",minval=149)
emaSignalHTF= input(200, title="Signal EMA ",minval=200)
resCustom = input(title="Time interval for Signal EMA (W, D, [min 60,120,240])", type=string, defval="240")
ShowSlowGuppyonChart = input(true, title="Show Guppy-Slow-Red   On Chart?")
ShowFastGuppyonChart = input(true, title="Show Guppy-Fast-Green On Chart?")


price = close
emav1 = ema(price,25)
emav2 = ema(price,30)
emav3 = ema(price,35)
emav4 = ema(price,40)
emav5 = ema(price,45)
emav6 = ema(price,50)
emav7 = ema(price,55)
emav8 = ema(price,89)
emav9 = ema(price,99)
emav10 = ema(price,109)
emav11 = ema(price,119)
emav12 = ema(price,129)
emav13 = ema(price,139)
emav14 = ema(price,149)

emav55  = ema(price,ema55)
emav149 = ema(price,ema149)


emaHTF = security(tickerid, resCustom, ema(price, emaSignalHTF))


MALongCross1 = crossover(emav55,emav149)  ? 1 : 0 
MAShortCross1 = crossunder(emav55,emav149)  ? 1 : 0 

BuySignal  = MALongCross1 > 0 and open[0] > emaHTF and close[0] > emaHTF      // buy signal
SellSignal = MAShortCross1 > 0 and open[0] < emaHTF and close[0] < emaHTF     // Short Signal

BuyGC  = BuySignal == 1
SellGC = SellSignal == 1

//plot only if guppy is checked
plot(ShowFastGuppyonChart ? emav55 : na , color=green, transp=0, linewidth=1)
plot(ShowSlowGuppyonChart ? emav149 : na, color=red, transp=0, linewidth=1)

//fast
plot(ShowFastGuppyonChart ? emav1 : na , color=green, transp=0, linewidth=1)
plot(ShowFastGuppyonChart ? emav2 : na , color=green, transp=0, linewidth=1)
plot(ShowFastGuppyonChart ? emav3 : na , color=green, transp=0, linewidth=1)
plot(ShowFastGuppyonChart ? emav4 : na , color=green, transp=0, linewidth=1)
plot(ShowFastGuppyonChart ? emav5 : na , color=green, transp=0, linewidth=1)
plot(ShowFastGuppyonChart ? emav6 : na , color=green, transp=0, linewidth=1)
// slow
plot(ShowSlowGuppyonChart ? emav8 : na ,  color=red, transp=0, linewidth=1)
plot(ShowSlowGuppyonChart ? emav9 : na ,  color=red, transp=0, linewidth=1)
plot(ShowSlowGuppyonChart ? emav10 : na , color=red, transp=0, linewidth=1)
plot(ShowSlowGuppyonChart ? emav11 : na , color=red, transp=0, linewidth=1)
plot(ShowSlowGuppyonChart ? emav12 : na , color=red, transp=0, linewidth=1)
plot(ShowSlowGuppyonChart ? emav13 : na , color=red, transp=0, linewidth=1)
plot(emaHTF, color=#ff00ff, transp=0, linewidth=2)

plotshape(BuyGC, style = shape.circle,location=location.belowbar, color=black, transp=0,size = size.small)
plotshape(SellGC, style = shape.circle,location=location.abovebar, color=#ff00ff , transp=0,size = size.small)