A Simple Moving Average Cross Strategy
This lesson answers a question from a student who wants to get the closing price of a confirmed MA cross. I also turned it into a strategy, because why not?
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// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ // © ZenAndTheArtOfTrading // @version=5 strategy("PineScriptMastery.com", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=100) // Get user input emaLength1 = input.int(title="EMA #1 Length", defval=50) emaLength2 = input.int(title="EMA #2 Length", defval=100) // Get MAs ema1 = ta.ema(close, emaLength1) ema2 = ta.ema(close, emaLength2) // Draw MAs plot(ema1, color=color.blue, title="EMA 1") plot(ema2, color=color.red, title="EMA 2") // Detect crossovers bool crossOver = ta.crossover(ema1, ema2) bool crossUnder = ta.crossunder(ema1, ema2) bool cross = crossOver or crossUnder //float crossPrice = ta.valuewhen(cross, close, 0) float crossPrice = cross ? close : na // Check if the crossover price is the highest price over the past 10 bars bool highestPrice = crossOver for i = 1 to 10 if crossPrice <= close[i] highestPrice := false break // Check if the crossover price is the lowest price over the past 10 bars bool lowestPrice = crossUnder for i = 1 to 10 if crossPrice >= close[i] lowestPrice := false break // Flag the bar if it is a high/low close bgcolor(highestPrice ? color.new(color.green, 50) : na) bgcolor(lowestPrice ? color.new(color.red, 50) : na) // Display crossover price if cross highestEmaPrice = ema1 > ema2 ? ema1 : ema2 label myLabel = label.new(bar_index, highestEmaPrice, "CrossPrice=" + str.tostring(crossPrice), color=color.white) if highestPrice and strategy.position_size == 0 strategy.entry(id="Buy", direction=strategy.long) if lowestPrice and strategy.position_size == 0 strategy.entry(id="Sell", direction=strategy.short) // Exit trades when short-term EMA is breached if strategy.position_size > 0 and close < ema1 strategy.close("Buy") if strategy.position_size < 0 and close > ema1 strategy.close("Sell")