TonyUX EMA Scalper - Buy / Sell

This is a simple scalping strategy that works for all time frames... I have only tested it on FOREX

It works by checking if the price is currently in an uptrend and if it crosses the 20 EMA .

If it crosses the 20 EMA and its in and uptrend it will post a BUY SIGNAL.
If it crosses the 20 EMA and its in and down it will post a SELL SIGNAL.

The red line is the highest close of the previous 8 bars --- This is resistance
The green line is the lowest close of the previous 8 bars -- This is support
Skript med en öppen källkod

I sann TradingView-anda har författaren till detta skript publicerat det som öppen källkod, så att handlare kan förstå och verifiera det. Skål för författaren! Du kan använda den gratis men återanvändning av den här koden i en publikation regleras av våra Ordningsregler. Du kan göra den till favorit för att använda den i ett diagram.

Vill du använda det här skriptet i ett diagram?
study(title="Tony's EMA Scalper - Buy / Sell", shorttitle="TUX EMA Scalper", overlay=true)
len = input(20, minval=1, title="Length")
src = input(close, title="Source")
out = ema(src, len)
plot(out, title="EMA", color=blue)
last8h = highest(close, 8)
lastl8 = lowest(close, 8)

plot(last8h, color=red, linewidth=2)
plot(lastl8, color=green, linewidth=2)

bearish = cross(close,out) == 1 and close[1] > close 
bullish = cross(close,out) == 1 and close[1] < close 

plotshape(bearish, color=red, style=shape.arrowdown, text="Sell", location=location.abovebar)
plotshape(bullish, color=green, style=shape.arrowup, text="Buy", location=location.belowbar)


@tux On what time frame(s) would you recommend using this script?
+189 Svara
mrsergioliveira GoldenRatioTA
@GoldenRatioTA, 1h you can make 150 -200pips by day
+25 Svara
How do i create an alert to trigger every time the buy/sell flag shows?
+84 Svara
wolf92s Amirfx216
@Amirfx216, You would need to do something using the alertcondition code.

For this it would look like this:
alertcondition(bearish == true, title="Buy Alert", message="Something to tell you to buy")
alertcondition(bullish == true, title="Sell Alert", message="Something to tell you to sell")

I haven't tried running that but to give you an idea on how to do it.
+17 Svara
wolf92s wolf92s
Sorry don't know how to edit comment. I forgot to mention after you put that in you will have to go through and add alert, change the condition to the study, then select buy alert/sell alert (or whatever you name the titles)
+9 Svara
ninjas448 wolf92s
@wolf92s, bullish=true will be buy alert..
+1 Svara
akerendi wolf92s
@wolf92s, Please can someone guide me on the exact code to put into the pine Editor. When i put the above alert condition it gives me an error saying Undeclared identifier 'bullish' and the same thing for the bearish.
Thank you all for the support on this script! I have been testing it with other indicators and code improvements and I believe I found a great combo.

Will be posting version 2 soon.
+56 Svara
Awesome stuff. I am looking forward to version 2 as this has given great signals for me in combination with the Parabolic SAR indicator. Thanks for sharing.
+1 Svara
@mosoeu88, try with CPR and VWAP.
+1 Svara