Simple Crossover MME 5/20

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Description:
This indicator plots a 5-period Exponential Moving Average (EMA) in red and a 20-period EMA in blue.

It provides clear visual signals for crossovers:

A green triangle appears when the 5 EMA crosses above the 20 EMA (bullish signal).

A red triangle appears when the 5 EMA crosses below the 20 EMA (bearish signal).

Built-in alerts are available for both bullish and bearish crossover events.

Option 2 (More Detailed)
Title: 5 EMA / 20 EMA Crossover Strategy with Visual Signals & Alerts

Description:
This script is designed to track one of the most popular moving average strategies: the crossover between the 5-period and 20-period Exponential Moving Averages (EMA). It's a clean and straightforward tool for identifying potential shifts in short-term trend momentum.

Features:

5-Period EMA: Plotted in Red.

20-Period EMA: Plotted in Blue.

Bullish Crossover Signals: A green triangle is plotted below the price bar when the 5 EMA (Red) crosses above the 20 EMA (Blue), suggesting potential upward momentum.

Bearish Crossover Signals: A red triangle is plotted above the price bar when the 5 EMA (Red) crosses below the 20 EMA (Blue), suggesting potential downward momentum.

Customizable Alerts: The indicator includes built-in alert conditions. You can easily set up real-time notifications for every "buy" (crossover) or "sell" (crossunder) signal.

How to Use:

Add the indicator to your chart.

To receive notifications, create an alert and select this indicator as the condition. Choose either the "Bullish Crossover" or "Bearish Crossover" option.

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Informacje o Wersji

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