OPEN-SOURCE SCRIPT
parademi 5-8-13
EMA 5-8-13 Trend & Crossover Indicator
This indicator helps you identify market trends and potential reversal points in a single tool. It uses three Exponential Moving Averages (EMA 5, EMA 8, and EMA 13) to determine trend direction and highlight important crossover signals.
Features:
Trend Detection:
When the price is above all three EMAs (5, 8, and 13), candles are colored green, indicating a strong uptrend.
When the price crosses EMA 8, candles turn orange, signaling a possible short-term change in momentum.
Crossover Signals:
When EMA 5 crosses above EMA 8, a green arrow appears below the candle, suggesting a potential buy signal.
When EMA 5 crosses below EMA 8, a red arrow appears above the candle, suggesting a potential sell signal.
Optional EMA 8 and EMA 13 crossover signals can also be displayed using the same logic.
Purpose:
This indicator visually clarifies trend direction and marks potential entry/exit points. It can be used on its own or combined with other technical tools such as volume, support/resistance levels, or momentum indicators for higher accuracy.
This indicator helps you identify market trends and potential reversal points in a single tool. It uses three Exponential Moving Averages (EMA 5, EMA 8, and EMA 13) to determine trend direction and highlight important crossover signals.
Features:
Trend Detection:
When the price is above all three EMAs (5, 8, and 13), candles are colored green, indicating a strong uptrend.
When the price crosses EMA 8, candles turn orange, signaling a possible short-term change in momentum.
Crossover Signals:
When EMA 5 crosses above EMA 8, a green arrow appears below the candle, suggesting a potential buy signal.
When EMA 5 crosses below EMA 8, a red arrow appears above the candle, suggesting a potential sell signal.
Optional EMA 8 and EMA 13 crossover signals can also be displayed using the same logic.
Purpose:
This indicator visually clarifies trend direction and marks potential entry/exit points. It can be used on its own or combined with other technical tools such as volume, support/resistance levels, or momentum indicators for higher accuracy.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.