OPEN-SOURCE SCRIPT
EMA Cross 5/8
This EMA 5/8 Crossover Indicator highlights short-term trend shifts by tracking the interaction between the 5-period Exponential Moving Average (EMA) and the 8-period EMA.
How It Works:
Bullish Crossover (Golden Cross) → The 5 EMA crosses above the 8 EMA, signaling potential upward momentum.
Bearish Crossover (Death Cross) → The 5 EMA crosses below the 8 EMA, indicating possible downward movement.
White “X” markers overlay the candles where crossovers occur, making it easy to spot trend changes.
Features:
✅ Customizable Colors – 5 EMA in Yellow (#FCE705), 8 EMA in Pink (#FF10F0), and Crosses in White.
✅ Alerts – Get real-time notifications when a crossover happens.
✅ Ideal for Scalping & Trend Reversals – Designed for short-term traders who need fast-moving signals.
💡 Best Used With: Additional indicators like RSI, MACD, or Volume for confirmation.
🚀 Trigger Type: Recommended to use “Once Per Bar Close” to reduce false signals.
How It Works:
Bullish Crossover (Golden Cross) → The 5 EMA crosses above the 8 EMA, signaling potential upward momentum.
Bearish Crossover (Death Cross) → The 5 EMA crosses below the 8 EMA, indicating possible downward movement.
White “X” markers overlay the candles where crossovers occur, making it easy to spot trend changes.
Features:
✅ Customizable Colors – 5 EMA in Yellow (#FCE705), 8 EMA in Pink (#FF10F0), and Crosses in White.
✅ Alerts – Get real-time notifications when a crossover happens.
✅ Ideal for Scalping & Trend Reversals – Designed for short-term traders who need fast-moving signals.
💡 Best Used With: Additional indicators like RSI, MACD, or Volume for confirmation.
🚀 Trigger Type: Recommended to use “Once Per Bar Close” to reduce false signals.
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Feragatname
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