Three EMA Crossover Trading Strategy — Indicator by peopleisliking

Exponential Moving Average (EMA) tradingstrategy

Use it with any forex currency pair or any stock with any timeframe.
It is a trend following trading strategy so works best in trending market.
So once you identify the market is trading you just simply use this trading strategy.

Video Explanation : Youtube
Detail Explanation : www.peopleisliking.com

Open-source script

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

study("Three EMA Crossover Trading Strategy",overlay=true)
 
LowestPeriod = input(title="Lowest Period",type=integer,defval=10)
MediumPeriod = input(title="Medium Period",type=integer,defval=25)
LongestPeriod = input(title="Longest Period",type=integer,defval=50)
 


LowestEMA = ema(close,LowestPeriod)
MediumEMA = ema(close,MediumPeriod)
LongestEMA = ema(close,LongestPeriod)


LEColor = LowestEMA > LowestEMA[1] ? green : red
MEColor = MediumEMA > MediumEMA[1] ? lime : maroon
LLEColor = LongestEMA > LongestEMA[1] ? gray : purple


plot( LowestEMA, color= LEColor , title="Lowest EMA", trackprice=false, style=line)
plot( MediumEMA ,color= MEColor , title="Medium EMA", trackprice=false, style=line)
plot( LongestEMA , color= LLEColor , title="Longest EMA", trackprice=false, style=line)

//plotshape(cross(close,Tsl) and close>Tsl , "Up Arrow", shape.triangleup,location.belowbar,green,0,0)
//plotshape(cross(Tsl,close) and close<Tsl , "Down Arrow", shape.triangledown , location.abovebar, red,0,0)
//plot(Trend==1 and Trend[1]==-1,color = linecolor, style = circles, linewidth = 3,title="Trend")
Trend = LowestEMA > MediumEMA and LowestEMA > LongestEMA ? 1 : LowestEMA < MediumEMA and LowestEMA < LongestEMA ? -1 : 0
plotarrow(Trend == 1 and Trend[1] != 1 ? Trend : na, title="Up Entry Arrow", colorup=lime, maxheight=60, minheight=50, transp=0)
plotarrow(Trend == -1 and Trend[1] != -1 ? Trend : na, title="Down Entry Arrow", colordown=red, maxheight=60, minheight=50, transp=0)