OPEN-SOURCE SCRIPT

MACD + EMA Cross by Mayank


It is 6 indicator in one :
5 ema 5 / 9 / 20/ 50/ 200 & MACD cross

When MACD (5,9,5) is greater than signal (5) and Momentum EMA (5) crosses up the Fast EMA (9), it generates B Signal.
when Signal is greater than MACD and Fast EMA(9) crosses down the Momentum EMA(5) , it generates S Signal.


When MACD (5,9,5): bullish crossover it generate M_B
When MACD (5,9,5): bearish crossover it generates M_S

Chart patternsMoving AveragesTrend Analysis

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 publication is governed by House rules. You can favorite it to use it on a chart.

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