GcNaif

GC Magic Overlay V2

ema
This script is based on Guppy method (www.guppytraders.com/gup329.shtml
) , it was introduced to me by fellow trader @nmike. I am using this script in conjunction to Clones ,Harmonic and other tools.

Script Function:
a. Script plots the fast and slow Exponential moving averages as ribbons.
EMA's used
EMA (close): 25,30,35,40,45,50,55 (Green)
EMA (close): 89,99,109,119,129,139,149 (Red)
b. It draws the Circle dots in Pink for Sell and Black for Buy.

Script Parameters:
a. EMA : 2 emas for cross
b. Signal Exponential moving average
c. which time frame to Plot the above Signal Exponential
d. Show Guppy Slow - Red - Toggle to show red emas on chart
e. Show Guppy Fast - Green- Toggle to show green emas on chart

How to Trade:
a. Wait for the Pink/Black Dot to appear on Chart
b. Do not take trade immediately after the dot appears. Wait for the price to retrace back and touch the ema ribbons.This will keep you away from fake breakouts.
c. Rentries : in examples below

Examples:

I am a Chart Slave.Thank you TradingView and @nmike.
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.

Vuoi usare questo script sui tuoi grafici?
//@version=1
//based on Guppy method
//Written by : Gc Naif
//Written on : 12/31/2015

study("GC Magic Overlay V2", overlay = true, scale = scale.right)

//input(title="Offset", type=integer, defval=7, minval=-10, maxval=10)

ema55 = input(55,  title="EMA 1",minval=55)
ema149= input(149,  title="EMA 2",minval=149)
emaSignalHTF= input(200, title="Signal EMA ",minval=200)
resCustom = input(title="Time interval for Signal EMA (W, D, [min 60,120,240])", type=string, defval="240")
ShowSlowGuppyonChart = input(true, title="Show Guppy-Slow-Red   On Chart?")
ShowFastGuppyonChart = input(true, title="Show Guppy-Fast-Green On Chart?")


price = close
emav1 = ema(price,25)
emav2 = ema(price,30)
emav3 = ema(price,35)
emav4 = ema(price,40)
emav5 = ema(price,45)
emav6 = ema(price,50)
emav7 = ema(price,55)
emav8 = ema(price,89)
emav9 = ema(price,99)
emav10 = ema(price,109)
emav11 = ema(price,119)
emav12 = ema(price,129)
emav13 = ema(price,139)
emav14 = ema(price,149)

emav55  = ema(price,ema55)
emav149 = ema(price,ema149)


emaHTF = security(tickerid, resCustom, ema(price, emaSignalHTF))


MALongCross1 = crossover(emav55,emav149)  ? 1 : 0 
MAShortCross1 = crossunder(emav55,emav149)  ? 1 : 0 

BuySignal  = MALongCross1 > 0 and open[0] > emaHTF and close[0] > emaHTF      // buy signal
SellSignal = MAShortCross1 > 0 and open[0] < emaHTF and close[0] < emaHTF     // Short Signal

BuyGC  = BuySignal == 1
SellGC = SellSignal == 1

//plot only if guppy is checked
plot(ShowFastGuppyonChart ? emav55 : na , color=green, transp=0, linewidth=1)
plot(ShowSlowGuppyonChart ? emav149 : na, color=red, transp=0, linewidth=1)

//fast
plot(ShowFastGuppyonChart ? emav1 : na , color=green, transp=0, linewidth=1)
plot(ShowFastGuppyonChart ? emav2 : na , color=green, transp=0, linewidth=1)
plot(ShowFastGuppyonChart ? emav3 : na , color=green, transp=0, linewidth=1)
plot(ShowFastGuppyonChart ? emav4 : na , color=green, transp=0, linewidth=1)
plot(ShowFastGuppyonChart ? emav5 : na , color=green, transp=0, linewidth=1)
plot(ShowFastGuppyonChart ? emav6 : na , color=green, transp=0, linewidth=1)
// slow
plot(ShowSlowGuppyonChart ? emav8 : na ,  color=red, transp=0, linewidth=1)
plot(ShowSlowGuppyonChart ? emav9 : na ,  color=red, transp=0, linewidth=1)
plot(ShowSlowGuppyonChart ? emav10 : na , color=red, transp=0, linewidth=1)
plot(ShowSlowGuppyonChart ? emav11 : na , color=red, transp=0, linewidth=1)
plot(ShowSlowGuppyonChart ? emav12 : na , color=red, transp=0, linewidth=1)
plot(ShowSlowGuppyonChart ? emav13 : na , color=red, transp=0, linewidth=1)
plot(emaHTF, color=#ff00ff, transp=0, linewidth=2)

plotshape(BuyGC, style = shape.circle,location=location.belowbar, color=black, transp=0,size = size.small)
plotshape(SellGC, style = shape.circle,location=location.abovebar, color=#ff00ff , transp=0,size = size.small)