Crypto EMA+MA+MACS by hobbeLe

This is an indicator that includes several EMAs and MAs (Used in Cryptotrading).
In addition, the Golden and Death Cross are also displayed.

Used MAs
  • MA 7 - Orange Line
  • MA 21 - Yellow Line
  • MA 25 - Grey Line
  • MA 99 - Blue Line
  • MA 200 - Green Line

Used EMAs
  • EMA 200 - Grey Dotted Line
  • EMA 222 - Pink Dotted Line

Golden Cross
  • Crossover MA25 + MA200

Death Cross
  • Crossunder MA25 + MA200

What is a Moving Average (MA) ?
A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random short-term price fluctuations.
Moving average is a trend-following, or lagging, indicator because it is based on past prices. The most common applications of moving averages are:

The two basic and commonly used moving averages are the simple moving average ( SMA ), which is the arithmetic average of a security over a defined number of time periods, and the exponential moving average ( EMA ), which gives greater weight to more recent prices.

What is a Golden Cross?
The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level . As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.

What Is a Death Cross?
The death cross is a technical chart pattern indicating the potential for a major selloff. The death cross appears on a chart when a stock’s short-term moving average crosses below its long-term moving average.

Source; Investopedia

Skript med en öppen källkod

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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