Here’s a screener including Symbol, Price, TSI, and 50 ema cross in a table output.
The 50 Exponential Moving Average is a trend indicator You can find bullish momentum when the 50 ema crossed over or a bearish momentum when the 50 ema crossed under we are looking to take advantage by trading the reversion of these trends.
True strength index (TSI) is a trend momentum indicator Readings are bullish when the True Strength Index shows positive values Readings are bearish when the indicator displays negative values. When a value is above 20, we look for selling overbought opportunity and when the value is under 20, we look for buying oversold opportunity.
You can select the pair of your choice in the settings.
Make sure to create an alert and choose any alerts then an alert will trigger when a price cross under or cross over the 50 ema for every pair separately. This allow the user to verify if there is a trade set up or not.
Disclaimer This post and the script don’t provide any financial advice.
Phát hành các Ghi chú
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The price column as been removed.
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I added crossing under and crossing over in the EMA CROSS column.
Description of the Vector Color column Situation "Climax" Bars with volume >= 200% of the average volume of the 10 previous chart TFs, and bars where the product of candle spread x candle volume is >= the highest for the 10 previous chart time TFs. Default Colors: Bull bars are green and bear bars are red. Situation "Volume Rising Above Average" Bars with volume >= 150% of the average volume of the 10 previous chart TFs. Default Colors: Bull bars are blue and bear are blue-violet.
I fixed alerts errors
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I changed the background
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Change in the pairs selection
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I added a bool to select the candle color from the Trader Reality indicator made by infernix
I added input so you can create alert with the ema of your choice.
I added TSI alerts and overbought and oversold input. They are set by default at -30 and 30. You can change them in the setting. Higher inputs are suitable for crypto.
I added bool input so you can select which alert you want. Select your input and wait for the indicator to load up. Then create your alert.
Notice that during weekend the indicator needs to be open on a crypto chart. If you open it on a closed market chart the indicator will not work.
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Updated the vector candle logic
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Added a bool to choose between previous candle and current candle color or both.
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I added a string that indicate when markets are closed.
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Added alert for color of vector
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Added alert condition for each vector color
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Fixed Marketclosed condition. I was not using the correct way to check market closed condition.
Note: When you're on a closed market chart, the indicator will show everything as closed market even when they are not. Switch to a chart which the market is open and the indicator will work fine.
Hi!! I want to ask the following questions: 1) Does the cross over under and above means the price is lower or higher than the ema? 2) What does the various vector colors represent? 3) Does this indicator adapt to different time frames? If so, what are the best time frames?
1) yes, it mean the price is lower or higher than the 50 ema for the current time frame you have selected. What you can do is to add the exponential moving average indicator to the chart, open the setting and add 50 to the length (length mean the number of bar to calculate the average). Pick a coin that as cross under or over and you can verify.
2) The vector color help you to see movement and momentum on the chart. They come from a calculation with volume increasing. If the volume is 200% bigger than the last 10 candle and price is closing above its openings its a green vector, if the price is closing below the opening its a red vector. If the volume is 150% bigger than the last 10 candle and price is closing above its opening its a blue vector, if the price is closing below the opening its a purple vector. So there is 4 colors to help you figure out what kind of volume and price action we have.
3) Yes, it adapt to time frame. Its kind of slow to load up, so what you can do is to open 2-3 page and let it there with the time frame that you want. My best time frame are the 1 hour, 15min and 1 min chart.
thanks
-Frank
zschonn
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@F_rank_01, Thanks a lot for this great contribution. Tell me please, there is also dark grey vector appears as well, which category does it belong to ?
F_rank_01
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@zschonn, the grey candle represent a normal bullish bar without significant volume and the dark candle is a normal bearish bar. Have a good day !
prabhu9375
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Can I get this in as strategy
wesstt
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Thank you very much for the indicator. Good luck.
rharris2020
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this looks great but i dont see the 50ema nor the alerts, how do i modify to include these?
F_rank_01
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@rharris2020, To create an alert, you need to click on the settings and choose the parameter and the pair/coin you are looking for. Also, 50 ema is default, but you can change it to whatever ema suits your strategy. Then you create an alert and choose multiple indicators. Screener V4 in condition. You can repeat the process on different timeframe it if you want alert like the 1h chart and 5 min time frame.
The ema cross indicates whether the price action is below or above 50 ema. If you want to be more specific, you can click on an exponential moving average indicator and add a 50 ema to your current chart.