EMA Crossover Strategy for XAUUSD (5m)

3 hari lalu

Script Explanation:
Moving Averages:

MA 5: Uses 5 periods for a short moving average.
MA 10: Uses period 10 for intermediate moving average.
MA 20: Uses 20 period for long moving average.
BUY Signal Conditions:

MA 5 crosses MA 10 from bottom to top (ta.crossover(ma1, ma2)).
MA sequence after the crossover: MA 5 > MA 10 > MA 20 (confirmation of uptrend).
SELL Signal Conditions:

MA 5 crosses MA 10 from top to bottom (ta.crossunder(ma1, ma2)).
MA sequence after the crossover: MA 5 < MA 10 < MA 20 (confirmation of downtrend).
Visualization:

MA 5 (Red): The most responsive line.
MA 10 (Blue): Middle line.
MA 20 (Green): The slowest line.
Green Arrow (BUY): Appears below the candle when the BUY condition is met.
Red Arrow (SELL): Appears above the candle when the SELL condition is met.
Alerts:

Notifications are sent whenever a BUY or SELL signal is detected.
How to use:
Copy this script into the Pine Script Editor in TradingView.
Save and add to your chart.
Pay attention to signals:
BUY Signal: Appears when MA 5 cuts MA 10 from bottom to top, in the order MA 5 > MA 10 > MA 20.
SELL Signal: Appears when MA 5 cuts MA 10 from top to bottom, in the order MA 5 < MA 10 < MA 20.