OPEN-SOURCE SCRIPT
EMA X BF 🚀
EMA Crossover Strategy
A simple EMA cross is a useful indication of a change in direction of a trend and is a very popular tool in trading. It can also be useful to judge price action momentum or severity by looking at the angle of the 2 EMAs, or the distance between them.
There are 2 Exponential Moving Averages, one fast and one slow. When the fast EMA crosses above the slow EMA, this can be considered bullish and may signal an upside move. Conversely, a cross to the downside of the fast EMA under the slow EMA can be considered bearish.
This strategy uses the same principle but uses different sources for the 2 EMAs; instead of using close values, we use ohlc4 values for the fast EMA and hlc3 values for the slow EMA.
The idea is that a trader might enter a long position upon a cross up and reverse position and go short upon the next cross down.
We use a simple 6% stop loss for both long and short positions.
This strategy is tuned to a 6hr chart for Bitcoin USD pairs.
INSTRUCTIONS
A simple EMA cross is a useful indication of a change in direction of a trend and is a very popular tool in trading. It can also be useful to judge price action momentum or severity by looking at the angle of the 2 EMAs, or the distance between them.
There are 2 Exponential Moving Averages, one fast and one slow. When the fast EMA crosses above the slow EMA, this can be considered bullish and may signal an upside move. Conversely, a cross to the downside of the fast EMA under the slow EMA can be considered bearish.
This strategy uses the same principle but uses different sources for the 2 EMAs; instead of using close values, we use ohlc4 values for the fast EMA and hlc3 values for the slow EMA.
The idea is that a trader might enter a long position upon a cross up and reverse position and go short upon the next cross down.
We use a simple 6% stop loss for both long and short positions.
This strategy is tuned to a 6hr chart for Bitcoin USD pairs.
INSTRUCTIONS
- Go Long when the background is green
- Go short when the background is red
- White background means sideways market: a no trade zone
Script de código aberto
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.
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.
Script de código aberto
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.
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.