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7 views2 pages

99

Uploaded by

samenictv
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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//@version=5

indicator(title='Combined EMA Scalping Strategy', overlay=true)

// EMA Inputs
default_ema_period = input.int(70, title='Default EMA')
fast_ema_period = input.int(43, title='Fast EMA')
slow_ema7_period = input.int(30, title='Slow EMA 7')
slow_ema8_period = input.int(35, title='Slow EMA 8')
slow_ema9_period = input.int(40, title='Slow EMA 9')
slow_ema10_period = input.int(45, title='Slow EMA 10')
slow_ema11_period = input.int(50, title='Slow EMA 11')
slow_ema12_period = input.int(60, title='Slow EMA 12')

// Calculate EMAs
fast_ema = ta.ema(close, fast_ema_period)
slow_ema7 = ta.ema(close, slow_ema7_period)
slow_ema8 = ta.ema(close, slow_ema8_period)
slow_ema9 = ta.ema(close, slow_ema9_period)
slow_ema10 = ta.ema(close, slow_ema10_period)
slow_ema11 = ta.ema(close, slow_ema11_period)
slow_ema12 = ta.ema(close, slow_ema12_period)
default_ema = ta.ema(close, default_ema_period)

// Determine Uptrend, Downtrend


is_uptrend = slow_ema7 > slow_ema8 and slow_ema8 > slow_ema9 and slow_ema9 >
slow_ema10 and slow_ema10 > slow_ema11 and slow_ema11 > slow_ema12 and slow_ema12 >
default_ema
is_downtrend = slow_ema7 < slow_ema8 and slow_ema8 < slow_ema9 and slow_ema9 <
slow_ema10 and slow_ema10 < slow_ema11 and slow_ema11 < slow_ema12 and slow_ema12 <
default_ema

// Trend Colors
downtrend_color = #4682B4
uptrend_color = #00FFFF
neutral_color = #e9112e

// Function to determine color based on market trend


get_ema_color() =>
is_uptrend ? uptrend_color : is_downtrend ? downtrend_color : neutral_color

// Plot EMAs with trend-based colors


plot(series=slow_ema7, title='Slow EMA 7', color=get_ema_color(), linewidth=3)
plot(series=slow_ema8, title='Slow EMA 8', color=get_ema_color(), linewidth=3)
plot(series=slow_ema9, title='Slow EMA 9', color=get_ema_color(), linewidth=3)
plot(series=slow_ema10, title='Slow EMA 10', color=get_ema_color(), linewidth=3)
plot(series=slow_ema11, title='Slow EMA 11', color=get_ema_color(), linewidth=3)
plot(series=slow_ema12, title='Slow EMA 12', color=get_ema_color(), linewidth=3)

// Simplified Buy and Sell Conditions


long_condition = ta.crossover(fast_ema, default_ema)
short_condition = ta.crossunder(fast_ema, default_ema)

// Plot Buy and Sell Signals


plotshape(series=long_condition, style=shape.labelup, color=#00CCCC, text='BUY',
textcolor=color.white, location=location.belowbar, size=size.normal)
plotshape(series=short_condition, style=shape.labeldown, color=#4682B4,
text='SELL', textcolor=color.white, location=location.abovebar, size=size.normal)

// Custom Candlestick Coloring


plotcandle(open, high, low, close, color=is_uptrend ? color.rgb(0, 255, 255) :
is_downtrend ? color.rgb(70, 130, 180) : na,
wickcolor=is_uptrend ? color.rgb(0, 255, 255) : is_downtrend ? color.rgb(70, 130,
180) : na,
bordercolor=is_uptrend ? color.rgb(0, 255, 255) : is_downtrend ? color.rgb(70,
130, 180) : na)

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