EMA + MACD Entry Signals

19 ore fa

EMA + MACD Entry Signals Indicator
This indicator combines Exponential Moving Averages (EMAs) and the Moving Average Convergence Divergence (MACD) to identify potential trading entry points for both long and short positions.
Key Features

Displays three EMA lines (9, 20, and 200 periods) for trend identification
Generates entry signals based on EMA alignment and MACD confirmation
Shows alternating signals (long/short) to prevent signal clustering
Provides clear visual cues with green up-arrows for long entries and red down-arrows for short entries

Signal Conditions
Long Entry (Green Arrow)
A green up-arrow appears when all these conditions are met:

9 EMA > 20 EMA and 9 EMA > 200 EMA
MACD histogram > 0
MACD line > Signal line and MACD line > 0
No previous long signal is active (signals alternate)

Short Entry (Red Arrow)
A red down-arrow appears when all these conditions are met:

20 EMA > 9 EMA and 20 EMA > 200 EMA
MACD histogram < 0
Signal line > MACD line and MACD line < 0
No previous short signal is active (signals alternate)

Trading Application
This indicator is designed to help traders identify potential trend-following entry points with multiple confirmations, reducing false signals through both EMA and MACD alignment requirements.

19 ore fa

Note di rilascio

# EMA + MACD Entry Signals Indicator

This indicator combines Exponential Moving Averages (EMAs) and the Moving Average Convergence Divergence (MACD) to identify potential trading entry points for both long and short positions.

## Key Features
- Displays three EMA lines (9, 20, and 200 periods) for trend identification
- Generates entry signals based on EMA alignment and MACD confirmation
- Shows alternating signals (long/short) to prevent signal clustering
- Provides clear visual cues with green up-arrows for long entries and red down-arrows for short entries

## Signal Conditions

### Long Entry (Green Arrow)
A green up-arrow appears when all these conditions are met:
- 9 EMA > 20 EMA and 9 EMA > 200 EMA
- MACD histogram > 0
- MACD line > Signal line and MACD line > 0
- No previous long signal is active (signals alternate)

### Short Entry (Red Arrow)
A red down-arrow appears when all these conditions are met:
- 20 EMA > 9 EMA and 20 EMA > 200 EMA
- MACD histogram < 0
- Signal line > MACD line and MACD line < 0
- No previous short signal is active (signals alternate)

## Trading Application
This indicator is designed to help traders identify potential trend-following entry points with multiple confirmations, reducing false signals through both EMA and MACD alignment requirements.