//@version=5
strategy("Tuple Return Custom Function", overlay=true)
f_signal(src) =>
fast = ta.ema(src, 9)
slow = ta.ema(src, 21)
spread = fast - slow
[fast, slow, spread]
[fastLine, slowLine, spreadLine] = f_signal(close)
longCondition = spreadLine > 0 and spreadLine[1] <= 0
shortCondition = spreadLine < 0 and spreadLine[1] >= 0
if (longCondition)
strategy.entry("Long", strategy.long)
if (shortCondition)
strategy.entry("Short", strategy.short)
Overview
Tuple Return Custom Function enters long when the spread line crosses from negative to positive and short when crossing from positive to negative. Positions stay open until the opposite crossover signal. No exit rules or stop loss are defined. No input settings modify the 9 and 21 periods or other parameters.
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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