EMA5 – TMA8 trading signals

EMA5 – TMA8 trading signals

Hi all,

Here is a simple code asked by one of my website user.

We have a BUY signal (green) if :

  • the exponential average 5 (close) > the triangular average 8 (close)
  • close > triangular average 8 but close of the previous candle < triangular average 8

Of course, we have a SELL signal (red) for the inverted conditions.

Don’t forget to set “achat” and “vente” to Histogram, and to set the colors.

I also added a blue line with value “0”.

The EMA5 is in red, the TMA8 is in blue.

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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. gianlox • 08/23/2016 #

    I added a simple momentum indicator (MACD). I think much better results:
     
    achat = 0vente = 0MACD12M = MACDline[12,26,9](close)MACD12S = ExponentialAverage[9](MACD12M)
    // INDICATEURSEMA5 = ExponentialAverage[5](close)TMA8 = TriangularAverage[8](close)
    // ACHATca1 = close[1] < TMA8 and close > TMA8ca2 = EMA5 > TMA8
    IF ca1 and ca2 AND MACD12M>MACD12S AND MACD12M[1]>MACD12S[1] THENachat = 1ENDIF
    // VENTEcv1 = close[1] > TMA8 and close < TMA8cv2 = EMA5 < TMA8
    IF cv1 and cv2 AND MACD12M<MACD12S AND MACD12M[1]<MACD12S[1] THENvente = -1ENDIF
    return achat as “ACHAT”, vente as “VENTE”
     
    happy New Year !!!

  2. gianlox • 08/23/2016 #

    achat = 0
    vente = 0
    MACD12M = MACDline[12,26,9](close)
    MACD12S = ExponentialAverage[9](MACD12M)

    // INDICATEURS
    EMA5 = ExponentialAverage[5](close)
    TMA8 = TriangularAverage[8](close)

    // ACHAT
    ca1 = close[1] < TMA8 and close > TMA8
    ca2 = EMA5 > TMA8
    ca3 = MACD12M>MACD12S AND MACD12M[1]>MACD12S[1]

    IF ca1 and ca2 AND ca3 THEN
    achat = 1
    ENDIF

    // VENTE
    cv1 = close[1] > TMA8 and close < TMA8
    cv2 = EMA5 < TMA8
    cv3 = MACD12M<MACD12S AND MACD12M[1]<MACD12S[1]
    IF cv1 and cv2 AND cv3 THEN
    vente = -1
    ENDIF

    return achat as \"ACHAT\", vente as \"VENTE\"

     

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