Allows to see how Exponential Moving Averages are computed.
This script is for demonstration purposes and the built-in 'ema' TradingView function will be much faster.
This is just a simple EMA cross strategy which is meant to be similar to Turtle Trading Strategy.
It uses in default 4 Hour 21 / 10 EMA to long or short. This is not perfect but in the long run it will profit. Works best in bull market.
LINK TO ALERT :
Six (6) average indicators in single package.
All averages have adjustable source, length and type individually
Every average can be enabled or disabled individually.
Color, thickness and other style parameters are adjustable on Style section.
Supported types are:
EMA - Exponential Moving Average
SMA - Simple Moving Average
RMA - Running Moving...
This script works with the crossing of emas. The crossing of the ema 10 with the 25 is our input signal but we do not open an operation immediately, we wait for the backward movement that usually occurs until the ema or the space between the two emas. A further confirmation is the crossing of the previous emas with the ema 50, each confirmation is a possibility...
Ehlers Reverse Exponential Moving Average script.
This indicator was originally developed by John F. Ehlers (Stocks & Commodities V. 35:10: The Reverse EMA Indicator).
If you are a free TW user with this script could help you to plot a Triple EMA on yr chart as a unique indicator, so you can add two more. Hope this helps you to study.
Here I used 21, 34, 233 EMA on 4hr BITFINEX:BTCUSD timeframe but you can even easily edit the script on pine editor finding and changing default number as you want.
Ehlers MESA Adaptive Moving Averages (MAMA & FAMA) script.
These indicators was originally developed by John F. Ehlers (Stocks & Commodities V. 19:10: MESA Adaptive Moving Averages).
During experiments with the market, I found out that simple strategy is the best solution. However, I decided to bring some of my ideas on the 2 MA strategy.
- Instead of SMA - there will be 2 EMA, so the strategy will be more sensitive to the latest data;
- There is an option, which regulates the difference between those 2 EMAs, this should protect us from false...
