A simple trend overlay that plots a 50-period and a 200-period EMA, marks bullish and bearish crossovers with circles, and shows a label stating which EMA is above the other.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
EMA Crossover with Position Labels also shades the chart background by position and can show an info table with the percentage gap between the two averages and the trend direction. Alert conditions exist for both crossovers. Lengths, label and table visibility, table position and background transparency are adjustable.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
EMA 50 Length
int
50
ema50_length
EMA 200 Length
int
200
ema200_length
Show Position Labels
bool
true
show_labels
Show Cross Signals
bool
true
show_crosses
Background Transparency %
int
95
bgcolor_opacity
Show Info Table
bool
true
show_table
Table Position
string
top_right
table_position
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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