Signals are generated when EMA(FastLength) and EMA(SlowLength) cross each other.
Below are the additional user parameters:
1. User defined backtesting period
2. User defined Target and StopLoss percentage points
This is a script I remade from various scripts I had.
It's a smoother of candlestick by VWMA , that means that will give information about the trend strenght and actual situation, as you might notice.
I also added a crossing over signaling with RED/GREEN colours.
When the chart is coloured red, means that soon there will be a selling opportunity.
This is a simple trading strategy that seeks the Golden Cross and Death Cross on the 4HR chart. The fast moving indicator in this strategy is the EMA 50 and the slow moving indicator is the EMA 200. When the EMA 50 crosses over the EMA 200 the strategy indicates a buy. When the EMA 50 crosses below the EMA 200 the strategy indicates a sell. This strategy...
moving average crossover with added functions:
if you want crossover with price set ma1 length to 1, or use as dual ma with both lengths, ability to turn ma's on and off leaving the crossover signals behind, ability to chose ma mode (sma, ema, rma, wma, vwma, swma and alma), ability to chose source (open, high, low, close, hl2, hlc3 or ohlc4).