EMAs play an important role in identifying the mood of the market. Frequently used short term EMA is 5 and long term EMA is 50. This script detects the crossover (+ve and -ve) and generates alerts accordingly. Steps to apply: 1) Open the script on a desired timeframe. 2) Add this indicator on the chart 3) Choose the values of the 2 EMAs from settings 4) Go to...
EMA Clouds for Options! This indicator can help you confidently open and close options positions. Note that you should set stop a little below midline EMA . Risk reward for good signals is fairly consistent in profit. Most of the simulations I ran got between 1:2 and 1:4 profits. The losers usually can be avoided by making sure you are not in a choppy trading...
Ema Cross tool using Ema 10 / Ema 21 / Ema 55 I have found these settings very useful for catching breakouts on Alt coins. Alerts Added, Breakout = Ema 10 crossing above Ema 21 Breakdown = Ema 10 crossing under Ema 21 Ema 55 added as a useful area to catch dips when price is trending