OPEN-SOURCE SCRIPT
Custom EMA Crossover Arrow Heads
The Custom EMA Crossover Arrow Heads indicator is a simple trend-following tool designed to highlight short-term momentum shifts using two Exponential Moving Averages. By default, it plots a 3 EMA and an 8 EMA directly on the price chart, while allowing users to customise both EMA lengths and colours.
When the faster EMA crosses above the slower EMA, the indicator displays a green bullish triangle above the candle, signalling potential upward momentum. When the slower EMA crosses above the faster EMA, a red bearish triangle appears above the candle, signalling potential downward momentum.
This indicator is useful for quickly identifying EMA crossover points, trend changes, and possible trade entry or exit areas. It also includes built-in alert conditions so traders can be notified when bullish or bearish EMA crosses occur.
When the faster EMA crosses above the slower EMA, the indicator displays a green bullish triangle above the candle, signalling potential upward momentum. When the slower EMA crosses above the faster EMA, a red bearish triangle appears above the candle, signalling potential downward momentum.
This indicator is useful for quickly identifying EMA crossover points, trend changes, and possible trade entry or exit areas. It also includes built-in alert conditions so traders can be notified when bullish or bearish EMA crosses occur.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.