RoGr75 - EMA Cross Signal with Buffer and Variable Distance
**Overview**: This script is designed to identify potential buy and sell signals based on the crossover of two Exponential Moving Averages (EMAs) – a short-term EMA (default: 8 periods) and a long-term EMA (default: 50 periods). To reduce noise and false signals, the script incorporates a customizable buffer percentage, ensuring that signals are only generated when the short-term EMA moves significantly above or below the long-term EMA. Additionally, the script allows users to adjust the distance of the signals from the candles using the Average True Range (ATR) for better visualization.
--- Improvements: Added Buffer Percentage for reduced noise in Signals
### **Key Features**: 1. **EMA Crossover Signals**: Buy Signal: Generated when the short-term EMA crosses above the long-term EMA. Sell Signal: Generated when the short-term EMA crosses below the long-term EMA.
2. **Buffer Percentage**: A user-defined buffer percentage ensures that signals are only triggered when the short-term EMA moves a specified percentage above or below the long-term EMA, reducing false signals.
3. **Customizable Signal Distance**: Signals are plotted at a user-defined distance from the candles, calculated using the ATR (Average True Range) for dynamic positioning.
4. **Visual Enhancements**: Buy and sell signals are displayed as labels above or below the candles, with optional background highlighting for better visibility.
5. **Flexible Inputs**: Users can customize the lengths of the short-term and long-term EMAs, the ATR period, the signal distance multiplier, and the buffer percentage.
6. **Alerts**: Built-in alert conditions allow users to receive real-time notifications for buy and sell signals.
### **Input Parameters**: **Short EMA Length**: Period for the short-term EMA (default: 8). **Long EMA Length**: Period for the long-term EMA (default: 50). **Signal Distance**: Multiplier for ATR to determine the distance of signals from the candles (default: 2.0). **ATR Length**: Period for the ATR calculation (default: 14). **Buffer Percentage**: Percentage buffer for reversal signals to reduce noise (default: 1.0%).
### **Ideal For**: Traders who use EMA crossovers as part of their strategy. Those looking to reduce false signals with a buffer mechanism. Users who prefer dynamic signal positioning based on market volatility (ATR).
### **Notes**: The buffer percentage ensures that signals are only generated when the price moves significantly, making it suitable for trend-following strategies. The script is highly customizable, allowing traders to adapt it to different timeframes and instruments.
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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