Ema Crossover Watchlist

[rmscripts]

How can i create a column for Tos to show a 5/8 ema crossover ?
Thanks

 

[rad14733]

How can i create a column for Tos to show a 5/8 ema crossover ?
Thanks

The following code should suffice for a Custom Watchlist Column...

def xUp = ExpAverage("data" = CLOSE, "length" = 5) crosses above ExpAverage("data" = CLOSE, "length" = 8);
def xDn = ExpAverage("data" = CLOSE, "length" = 5) crosses below ExpAverage("data" = CLOSE, "length" = 8);
AddLabel(yes, if xUp then "xUp" else if xDn then "xDn" else " ", Color.CURRENT);
AssignBackgroundColor(if xUp then Color.GREEN else if xDn then Color.RED else Color.GRAY);

 

[defset17]

The following code should suffice for a Custom Watchlist Column...

def xUp = ExpAverage("data" = CLOSE, "length" = 5) crosses above ExpAverage("data" = CLOSE, "length" = 8);
def xDn = ExpAverage("data" = CLOSE, "length" = 5) crosses below ExpAverage("data" = CLOSE, "length" = 8);
AddLabel(yes, if xUp then "xUp" else if xDn then "xDn" else " ", Color.CURRENT);
AssignBackgroundColor(if xUp then Color.GREEN else if xDn then Color.RED else Color.GRAY);

I am trying to do something extremely similar so I didn’t want to create a new thread. The column shows all results as gray if I use this exact code and it shows all results as black if I use my code attached screenshot.

For my particular instance, I am trying to create a column in my watchlist that shows “bullish" if EMA4 is currently above EMA21 and “bearish” if EMA4 is currently below EMA21 for specific timeframes. Any help with this syntax would be huge.

 

[TRADERSAM]

Since your script says 'crosses above,' it is only showing the green and red colors if the EMAs are currently crossing over each other, which means it only triggers on the exact bar the crossover happens not on every bar after. Here is a working version.

def ema4 = ExpAverage(close, 4);
def ema21 = ExpAverage(close, 21);

def isBullish = ema4 > ema21;
def isBearish = ema4 < ema21;

AddLabel(yes, if isBullish then "Bullish" else if isBearish then "Bearish" else "Neutral", if isBullish then color.GREEN else if isBearish then color.RED else color.LIGHT_GRAY);

If you want to change the timeframe the EMAs calculate on, just adjust the aggregation period in the column settings.

 

[defset17]

I just tested now and compared both the Watchlist data with each ticker's Chart. This worked perfect. Thank you so much for the help! Here is my code below for anyone that likes the look. Screenshot attached.

def EMA4 = ExpAverage(close, 4);
def EMA21 = ExpAverage(close, 21);

def Bullish = EMA4 > EMA21;
def Bearish = EMA4 < EMA21;

ADDlabel(bullish, "Bullish", color.black);
ADDlabel(bearish, "Bearish", color.black);
ADDlabel(!bullish and !bearish, "", color.black);

AssignBackgroundColor (if bullish then color.green else if bearish then color.red else color.black);

 

[hboogie]

I just tested now and compared both the Watchlist data with each ticker's Chart. This worked perfect. Thank you so much for the help! Here is my code below for anyone that likes the look. Screenshot attached.

def EMA4 = ExpAverage(close, 4);
def EMA21 = ExpAverage(close, 21);

def Bullish = EMA4 > EMA21;
def Bearish = EMA4 < EMA21;

ADDlabel(bullish, "Bullish", color.black);
ADDlabel(bearish, "Bearish", color.black);
ADDlabel(!bullish and !bearish, "", color.black);

AssignBackgroundColor (if bullish then color.green else if bearish then color.red else color.black);

For some columns you’re using the 8 I see? Can you talk a bit about your experience with choosing the aggs and the ema’s ? Are you waiting for a stacked alignement to take positions? Obviously a cross happening on the 10m will lag against the hourly, so just curious on the approach. Thanks!

 

[defset17]

For some columns you’re using the 8 I see? Can you talk a bit about your experience with choosing the aggs and the ema’s ? Are you waiting for a stacked alignement to take positions? Obviously a cross happening on the 10m will lag against the hourly, so just curious on the approach. Thanks!

Yes. I am pretty much trading with a hybrid approach.

EMA8_10M - Is the current Ask price above the 8 EMA over a 10 minute period?
EMA8_1H - Is the current Ask price above the 8 EMA over a 60 minute period? (lately I’ve been using 30 minutes)

EMA21_1D - Is the 4 EMA currently above the 21 EMA on the Daily timeframe?
EMA21_1W - Is the 4 EMA currently above the 21 EMA on the Weekly timeframe?

For a bigger picture, at minimum, I won’t enter any trades unless the Daily and Weekly are both “Bullish” when I’m looking to buy CALLS and both Bearish when I’m looking to buy PUTS.

For a smaller picture, I use the EMA8 columns for spotting entries with recent trend. I definitely try to look for “stacked" alignment.