OPEN-SOURCE SCRIPT
CJ - EMA Cross Scanner
EMA Cross Scanner
Fast EMAs: 33, 55 (red, blue lines)
Slow EMAs: 100, 200 (cloud)
When the Slow EMAs cross up, cloud turns green (bullish trend).
When the Slow EMAs cross down, cloud is red (bearish trend).
Strategy:
"Bullish Under/Over"
- Price deviates below the Fast EMAs
- Finds support into the Green Cloud
- Reclaims Fast EMAs
- Ignore this signal when the cloud is red.
"Bearish Over/Under"
- Price deviates above the Fast EMAs
- Finds resistance into the Red Cloud
- Closes back below Fast EMAs
- Ignore this signal when the cloud is green.
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.