Created
December 6, 2019 03:09
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EMA Cross Strat
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//@version=3 | |
study("Fibonacci EMAs", overlay=true) | |
sLen= input(title="Short EMA Length", defval=13) | |
mLen= input(title='Middle EMA Length', defval=55) | |
lLen= input(title='Long EMA Length', defval=89) | |
sSMAlen = input(title="Short SMA length", defval=50) | |
lSMAlen = input(title="Long SMA length", defval=200) | |
// Simple Moving Average example | |
// lSMA = sma(close, lSMAlen) | |
// sSMA = sma(close, sSMAlen) | |
sEMA = ema(close,sLen) | |
mEMA = ema(close,mLen) | |
lEMA = ema(close,lLen) | |
currentOrder = 0 | |
prevOrder= nz(currentOrder[1],0) | |
currentOrder := (sEMA > mEMA and mEMA >lEMA) ? 1 :((lEMA > mEMA and mEMA > sEMA) ? -1 : 0) | |
orderChange = currentOrder != prevOrder | |
bgc = iff(sEMA > lEMA, color(green, 50),color(maroon, 50)) | |
// Assigning a boolean true/false to crossed variable | |
// crossed = cross(sEMA,lEMA) | |
p1=plot(sEMA, title='Short EMA', color=blue, linewidth=3, transp=0) | |
plot(mEMA, title='Mid EMA' ,color=green, linewidth=3, transp=0) | |
p2=plot(lEMA, title='Long EMA', color=yellow, linewidth=3, transp=0) | |
bgcolor(orderChange ? bgc : na,title="EMA Order Crossed") | |
fill(p1,p2, bgc) | |
// Plotting Simple Moving Averages | |
// plot(sSMA, title='Short SMA', color=fuchsia, linewidth=3, transp=0) | |
// plot(lSMA, title='Long SMA', color=maroon, linewidth=3, transp=0) | |
// Plot arrow at every cross | |
// plotarrow(crossed?sEMA-lEMA:na, title="EMA Cross", colorup=lime, colordown=red, transp=0, maxheight=20, minheight=20) |
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