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
  • Go Long when the background is green
  • Go short when the background is red
  • White background means sideways market: a no trade zone
crossoverExponential Moving Average (EMA)

Script de código aberto

No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.

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