OPEN-SOURCE SCRIPT
更新済

TS EMA Cross

139
This is my first Script !

Enjoy !

This Pine Script calculates the Exponential Moving Average (EMA) and facilitates identifying potential buy and sell signals based on the crossover of two EMAs. Here's a breakdown of its functionality:

Fast EMA Calculation: The script calculates a fast EMA based on user-defined parameters such as length, source, offset, and smoothing type.

Slow EMA Calculation: Similarly, it calculates a slow EMA with customizable parameters like length, source, offset, and smoothing type.

Signal Generation: It detects buy signals when the fast EMA crosses above the slow EMA (crossover) and sell signals when the fast EMA crosses below the slow EMA (crossunder).

Visualization: The script plots markers (triangle shapes) below bars for buy signals and above bars for sell signals to visually indicate potential trading opportunities.

Bar Coloration: Inside bars are colored green when the fast EMA is above the slow EMA, suggesting a bullish trend, and red when the fast EMA is below the slow EMA, indicating a bearish trend.

Traders can utilize this script to incorporate EMA crossovers into their trading strategies, providing insights into potential trend reversals and momentum shifts.

-Tobby Simard
リリースノート
Great news!

This indicator now has Buy/Sell alerts.

These timely notifications help traders spot potential entry and exit points, improving decision-making and trading outcomes.
リリースノート
I've updated the alert condition to make it more optimal.
リリースノート
I've updated the alert condition to make it more optimal.
リリースノート
Big news!

This indicator now fills between both EMA lines. This enhancement provides a visual representation of market momentum and trend changes, helping traders make informed decisions quickly.
リリースノート
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