Questions About "Crosses Above"

[Sai]

Merry,
QQ on Crosses Above.

Close Crosses above means , we assume that if price moved around that moving average on that particular bar. But I am not seeing that in action .

For Example MSFT / NFLX / AVGO /DOCN / CROX which are sliced though 5 EMA on Daily candle . But in my watchlist column these are not flagged as Cross over happening today. They are showing as close above 5 EMA bucket but not falling under 5 EMA cross over bucket.

Not sure what did i miss. can you pls throw some light

# To Find stocks which are sliced through 5 EMA Today
def ema5 = MovAvgExponential("length" = 5) ;
AddLabel (yes, if close crosses above ema5 then "5EMACrossOver" else "", color.green) ;

 

[MerryDay]

Merry,
QQ on Crosses Above.

Close Crosses above means , we assume that if price moved around that moving average on that particular bar. But I am not seeing that in action .

For Example MSFT / NFLX / AVGO /DOCN / CROX which are sliced though 5 EMA on Daily candle . But in my watchlist column these are not flagged as Cross over happening today. They are showing as close above 5 EMA bucket but not falling under 5 EMA cross over bucket.

Not sure what did i miss. can you pls throw some light

# To Find stocks which are sliced through 5 EMA Today
def ema5 = MovAvgExponential("length" = 5) ;
AddLabel (yes, if close crosses above ema5 then "5EMACrossOver" else "", color.green) ;

Great question!
So when you use cross above, you only get ONE occurrence which is the exact bar where close crossed above the moving average.

Here is where close is positioned on the candle:

In your example, MSFT close crossed above on the prior candle:

Yes, you can see the 5ema is still crossing on the current candle, but the MSFT close is greater than and already above the 5ema on the current candle. So it will no longer signal the close is crossing above the average.

Workarounds:
Not sure what you are looking for.
If you want to know when most of the candle has crosses above, your logic would use the low of the candle:

AddLabel (yes, if low crosses above ema5 then "5EMACrossOver" else "", color.green) ;

If you want to know about 'recent' crosses, your logic would look for the last few bars:

AddLabel (yes, if close crosses above ema5 within 2 bars then "5EMACrossOver" else "", color.green) ;

Hope this helps

 

[Sai]

Awesome. Thank you Merry!!!

Merry,

I have two scenarios i want to use Mov Avg Cross.

#1 i have one mov avg i am looking to get any ticker slices through that mov avg from bottom(Reversal) i want to get alert.

#2 if any ticker which was above mov avg but retest that mov avg(Pullback) i want to get alert.

How best can we use Mov avg cross logic for these pullbacks and reversals. Can you pls throw some light on above two scenarios pls

 

[halcyonguy]

Merry,

I have two scenarios i want to use Mov Avg Cross.

#1 i have one mov avg i am looking to get any ticker slices through that mov avg from bottom(Reversal) i want to get alert.

#2 if any ticker which was above mov avg but retest that mov avg(Pullback) i want to get alert.

How best can we use Mov avg cross logic for these pullbacks and reversals. Can you pls throw some light on above two scenarios pls

go reread merrydays post.
price doesn't slice.
learn to describe actions with proper words.
why do you mention (Reversal)?

do you want to know when,
price is below an average line on one bar,
and above the average on the next bar?

 

[nagendra571]

Not sure if it is a correct ask, however would like to check if it is possible with thinkscript. Is there any we can identify when the 8 EMA line going through the candle as show in the below image. Please help.

 

[MerryDay]

Not sure if it is a correct ask, however would like to check if it is possible with thinkscript. Is there any we can identify when the 8 EMA line going through the candle as show in the below image. Please help.

View attachment 21198

Read through the above thread, so you can understand what the logic is doing and what the limitations are.
And then set up the filter in your scan hacker:

close crosses above MovAvgExponential("length" = 8)."AvgExp"

 

[nagendra571]

Read through the above thread, so you can understand what the logic is doing and what the limitations are.
And then set up the filter in your scan hacker:

Thank you so much, @MerryDay

 

[halcyonguy]

Not sure if it is a correct ask, however would like to check if it is possible with thinkscript. Is there any we can identify when the 8 EMA line going through the candle as show in the below image. Please help.

look at the picture and think about what is happening.
the high is above the ema8 line.
the low is below the ema8 line.

next, write a formula,

def ema8 = ...
def a = if high > ema8 and low < ema8 then 1 else 0;

will need a real formula for ema8.