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Indicator · Pine Script v4 · On the chart
Chad's Alert EMAs (@tradeprophet)
This indicator calculates and plots two exponential moving averages of closing prices directly on the price chart.
GitHub stars10on the repository
Pine versionv4older, still runs
Lines of code32
Settings6inputs
LicenceGPL-3.0
Last update5 years ago1 Dec 2020
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
32 lines of Pine Script v4 from Chad's Alert EMAs.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
// Made by TPCharts (twitter.com/tradeprophet). Modify as you like, and follow on Twitter for more free goodies!
study(title="Chad's Alert EMAs (@tradeprophet)", overlay=true)
// Maybe you like looking at daily EMA's on a 4-hour chart, you twisted bastard.
//timeframe = input(title="EMA timeframe (e.g. 'D' shows daily EMAs on 4h chart)", type=input.resolution, defval="D")
timeframe =""
// EMA lengths
emaShorterLength = input(title="Shorter EMA's length", type=input.integer, defval=9)
emaLongerLength = input(title="Longer EMA's length", type=input.integer, defval=18)
// Shorter EMA Aesthetics
emaShorterTransparency = input(title="Shorter EMA's Transparency", type=input.integer, defval=80)
emaShorterWidth = input(title="Shorter EMA's Width", type=input.integer, defval=1)
// Longer EMA Aesthetics
emaLongerTransparency = input(title="Longer EMA's Transparency", type=input.integer, defval=60)
emaLongerWidth = input(title="Longer EMA's Width", type=input.integer, defval=1)
// Calculate the EMAs
emaShorterClose = ema(security(syminfo.tickerid, timeframe, close), emaShorterLength)
emaLongerClose = ema(security(syminfo.tickerid, timeframe, close), emaLongerLength)
isCrossover = cross(emaShorterClose, emaLongerClose)
// Sends alerts, but the text is #(%*&@)
alertcondition(isCrossover, title="Chad's EMA Crossed", message="{{exchange}}:{{ticker}}'s {{\"emaShorterLength\"}}/{{\"emaLongerLength\"}} EMAs crossed")
// Plot them
plot(series=emaShorterClose, color=color.black, linewidth=emaShorterWidth, transp=emaShorterTransparency)
plot(series=emaLongerClose, color=color.black, linewidth=emaLongerWidth, transp=emaLongerTransparency)
Overview
Chad's Alert EMAs (@tradeprophet) detects crossovers between the shorter and longer periods and generates an alert condition whenever the two moving averages intersect. Users can customize the length of each exponential moving average as well as visual styling options, including line width and transparency. As a basic dual moving average overlay, signals update on unconfirmed bars in real time, and the script contains no dedicated trade management or exit rules.
- Dual exponential moving average overlay
- Configurable short and long period lengths
- Crossover alert notifications
- Adjustable line width and transparency settings
Details
Published by
TPCharts on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Moving averages, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Shorter EMA's length | int | 9 | emaShorterLength |
| Longer EMA's length | int | 18 | emaLongerLength |
| Shorter EMA's Transparency | int | 80 | emaShorterTransparency |
| Shorter EMA's Width | int | 1 | emaShorterWidth |
| Longer EMA's Transparency | int | 60 | emaLongerTransparency |
| Longer EMA's Width | int | 1 | emaLongerWidth |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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