EMA Crossover plots a fast and a slow exponential moving average, fills the space between them green or red by direction, and marks each cross with a Long or Short label.
A background tint appears when the gap between the averages exceeds a multiple of ATR. Optional reference lines show take profit and stop loss levels as percentages from the last cross. These are visual references only. It draws on the price chart.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Source
source
close
ema_src
Fast EMA Length
int
10
ema_f_len
Slow EMA Length
int
20
ema_s_len
Show EMA Fill
bool
true
i_showFill
Show Cross Signals
bool
true
i_showSignals
Show TP/SL Reference Lines
bool
false
i_showTP_SL
Take Profit %
float
3.0
tpPct
Stop Loss %
float
1.0
slPct
Fast EMA Color
color
color.green
fastColor
Slow EMA Color
color
color.red
slowColor
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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