OPEN-SOURCE SCRIPT
Ahror MACD + EMA Cross
This indicator is a combination of the EMA and MACD indicators.
For the EMA, the 100 EMA and 25 EMA levels are used. Whenever the 25 EMA crosses the 100 EMA, a signal label appears on the chart for both bullish and bearish trend conditions.
For the MACD, a signal label appears whenever the MACD line crosses the signal line. In addition, a signal label is also displayed when the MACD crosses its zero line.
The purpose of combining these two indicators is to allow traders to see signals from both the MACD and EMA at the same time in a single indicator.
You can use this indicator on any timeframe, and its settings can be customized according to your own trading style and preferences.
**Disclaimer:** This indicator is **not financial advice** and is not intended to encourage or require anyone to trade based on its signals. It is provided solely for informational and educational purposes.
Please remember that you should never rely on a single indicator when making trading decisions. Indicators are only secondary tools that assist traders and should always be used alongside proper analysis, risk management, and a well-defined trading strategy.
I wish you success in your trading journey!
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.