EMA 5 & E 20 Cross [Dr.K.C.Prakash]

📊 Indicator Name:
EMA 5 & E 20 Cross [Dr.K.C.Prakash]

🧠 Concept:
This is a trend-following indicator built on the concept of Exponential Moving Average (EMA) crossovers, specially optimized for 1-minute intraday trading. It is designed to eliminate noise and provide accurate BUY and SELL signals during strong, sustained market trends — not during minor or choppy price moves.

⚙️ How It Works:
🔹 EMAs Used:
EMA 5: A short-term exponential moving average to quickly track price momentum.

EMA 20: A medium-term exponential moving average to act as a smoother trend anchor.

🔹 Signal Logic:
Buy Signal:

Triggered when EMA 5 stays above EMA 20 for a specified number of consecutive candles (default: 3).

This confirms a sustained bullish crossover.

A green label with "BUY" appears below the bar.

Sell Signal:

Triggered when EMA 5 stays below EMA 20 for the same number of consecutive candles.

This confirms a sustained bearish crossover.

A red label with "SELL" appears above the bar.

🧹 Noise Reduction:
Filters out fakeouts or “whipsaws” by requiring that the crossover condition persists for a number of bars (minTrendBars).

Greatly improves signal reliability, especially on 1-minute timeframes, where price action is volatile.

📈 Visual Elements:
Orange Line: EMA 5

Blue Line: EMA 20

Green “BUY” label: Below candle when bullish trend confirms

Red “SELL” label: Above candle when bearish trend confirms

✅ Ideal Use Case:
Intraday trading

1-minute timeframe

Traders who want to catch longer trends and ignore short-term fluctuations

🔧 Customizable Inputs:
Short EMA Length: Default 5 (can be changed)

Long EMA Length: Default 20 (can be changed)

Min Bars to Confirm Trend: Default 3 (defines how long crossover must persist to count as a valid signal)

🛠️ Add-On Ideas (Optional Enhancements):
Would you like to add any of the following?

📢 TradingView alerts (Buy/Sell notifications)

🔁 Re-entry signals in same trend direction

📊 Combine with Volume filter or ATR breakout confirmation