Double EMA CROSS — Strategy by EmreErturk_
By EmreErturk_
Performance Metrics
- Author: EmreErturk_
- Symbol: FTX:BTCPERP
- Timeframe: 4 hours
- Net P&L: +20,822.00 USD (+21.11%)
- Win Rate: 34.4%
- Profit Factor: 4.131
- Max Drawdown: 1,929.00 USD (1.81%)
- Total Trades: 32
- Sharpe Ratio: 0.434
Description
//www.tradingview.com/x/4Wa2k0qF/ Double EMA CROSS (DEC) Useful for identifying and receiving alerts about uptrends and downtrends. This script uses two Exponential Moving Averages (EMAs) to find price uptrends and downtrends. An Exponential Moving Average ( EMA ) is a type of moving average that places a greater weight and significance on the most recent data points. The script produces uptrend and downtrend signals based on crossovers and divergences between the two EMAs, the user will be able to spot a trend change (when the EMAs crossover) and to determine the strength of the current trend (when the EMAs diverge). It is also posible to get alerts for uptrends and downtrends on the web and mobile app with sound and pop-ups as well as via email. The optimal time to enter and exit the market can be concluded from this trend changes. The user can set their own EMAs, by default they are set to 25 and 75 periods for medium and long term respectively. When the medium term EMA crosses below the long term EMA the asset is in a downtrend and the price will decline, and when the medium term EMA crosses above the long term EMA the asset is in an uptrend and price will increase. This scripts plots the following indicators and signals on the chart to help the user to identify trends