OPEN-SOURCE SCRIPT
JWs Algo — 8/21 EMA Crossover
📊 JWs Algo — 8/21 EMA Crossover (Visual Study)
JWs Algo is a clean, momentum-based visual tool that highlights key trend reversal points using a classic 8/21 EMA crossover strategy.
This study does not place trades but instead helps traders visually spot potential buy/sell moments using:
📈 Green emoji label below candles when the 8 EMA crosses above the 21 EMA (bullish signal)
📉 Red emoji label above candles when the 8 EMA crosses below the 21 EMA (bearish signal)
🔍 Features:
Smooth and responsive EMA trend lines
Clear visual cues without clutter
Emoji signal bubbles with custom-colored backgrounds for enhanced readability
Works on any asset and timeframe
Ideal for trend-following traders and EMA-based setups
🧠 Use Cases:
Confirm momentum shifts visually
Use alongside other indicators (RSI, MACD, etc.)
Build discretionary or rules-based entries around clean signals
JWs Algo is a clean, momentum-based visual tool that highlights key trend reversal points using a classic 8/21 EMA crossover strategy.
This study does not place trades but instead helps traders visually spot potential buy/sell moments using:
📈 Green emoji label below candles when the 8 EMA crosses above the 21 EMA (bullish signal)
📉 Red emoji label above candles when the 8 EMA crosses below the 21 EMA (bearish signal)
🔍 Features:
Smooth and responsive EMA trend lines
Clear visual cues without clutter
Emoji signal bubbles with custom-colored backgrounds for enhanced readability
Works on any asset and timeframe
Ideal for trend-following traders and EMA-based setups
🧠 Use Cases:
Confirm momentum shifts visually
Use alongside other indicators (RSI, MACD, etc.)
Build discretionary or rules-based entries around clean signals
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.