This Improved EMA Cross Pro Indicator does a few things that Ease Up Our Charting. Personally it Saved me Tons of Time searching for structure highs / lows, measuring ranges and distances from my entry to stop or take profit. It's like having most of your trade in front of you, charted for you. Works Across Assets & Time Frames.
The Functions
1. Signals EMA Crosses - green for Bull Cross & Red for Bear Cross
2. Signals Touches to the 55 EMA a. In a Bull Cross it will only signal touches and closes Above the 55 b. In a Bear Cross it will only signal touches and closes Under the 55
3. Plots Current Horizontals: a. The current position of the 55 b. The last High & Low
4. Calculation: a. % from the 55 to the High & Low b. Risk / Reward Ratio ("Bad Risk Management" message appears if ratio is not favorable) c. Over Range between the Low and the High
5. Labels - Current prices for all horizontals marked as Entry, Exit & Stop
Notes: * This Indicator is Interchanging between bull and bear crosses, it recognizes the trend and adapts its high and low output. * You Can and Should make your personal changes. everything can be changed in the settings inputs. * You can Turn On & Off most functions in the settings inputs. BYBIT:BTCUSDT.P
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Hi Traders!
This Improved EMA Cross Pro Indicator does a few things that Ease Up Our Charting. Personally it Saved me Tons of Time searching for structure highs / lows, measuring ranges and distances from my entry to stop or take profit. It's like having most of your trade in front of you, charted for you. Works Across Assets & Time Frames.
The Functions
1. Signals EMA Crosses - green for Bull Cross & Red for Bear Cross
2. Signals Touches to the 55 EMA a. In a Bull Cross it will only signal touches and closes Above the 55 b. In a Bear Cross it will only signal touches and closes Under the 55
3. Plots Current Horizontals: a. The current position of the 55 b. The last High & Low
4. Calculation: a. % from the 55 to the High & Low b. Risk / Reward Ratio ("Bad Risk Management" message appears if ratio is not favorable) c. Over Range between the Low and the High
5. Labels - Current prices for all horizontals marked as Entry, Exit & Stop
6. Alerts - You can choose at the alerts tab the 'EMA Pro' alerts. Choose your asset and time frame and set the alert. It will signal crosses between EMA's and potential Entry Signals for Longs & Shorts.
Notes: * This Indicator is Interchanging between bull and bear crosses, it recognizes the trend and adapts its high and low output. * You Can and Should make your personal changes. everything can be changed in the settings inputs. * You can Turn On & Off most functions in the settings inputs. *YOU CAN NOW SET ALERTS.
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Added Alerts for Take Profit & Stop Loss
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Choose in the Settings Which Alerts You Want On and Off.
Awesome indicator! Any way to add an option to shoe the targets based off a single ema. Plotting the standard deviations of the 21 ema for example.
AlexShech
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@Contra-Fades, hi bro! kinda like bollinger bands? i think i can do it
Contra-Fades
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@AlexShech, hey more like keltner, but ya. very similar. mainly just eliminating the bands and having the line as a target instead.
jadwiga1steczkowska
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unfortunately the indicator doesn't work properly. the stop line is above the entry line for a buy. Logically it should be below. Anyway, thank you for your work!
AlexShech
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@jadwiga1steczkowska, It happens sometimes in extreme price action. The Solution is to Increase the LookBack Period in the settings, the default is 30 days, you can try 100 days.
jack-tamara
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Thanks bro to share, much appreciate if you add alert.