New script published: EMA-SMA cross

This strategy is pretty simple actually, based on ride trend principle. It exits when trend started to go down. During bearish, it will stay in cash.

Strategy Description: It buys when the EMA50 line crosses up SMA2000 line. Exit when EMA50 crosses down SMA100.

Potential ROI Monthly (in bullish trend): 0-5%

Recommended Settings:

Pair: BTCUSDT, MATICUSDT, TIAUSDT

Time frame: 5mins

Initial Capital: 100

Base Currency: Default

Order Size: 100% of equity

Pyramiding: 1 order

Commission: 0.1 %

//@version=4

strategy("EMA-SMA Crossover [www.capayam.com]", overlay=true)

// Define input parameters

emaLength = input(50, title="EMA Length")

smaShortLength = input(100, title="SMA Short Length")

smaLongLength = input(2000, title="SMA Long Length")

// Calculate EMA and SMA values

ema50 = ema(open, emaLength)

sma100 = sma(open, smaShortLength)

sma2000 = sma(open, smaLongLength)

// Plot EMA and SMA on the chart

plot(ema50, color=color.blue, title="EMA5")

plot(sma100, color=color.orange, title="SMA10")

plot(sma2000, color=color.red, title="SMA100")

// Generate buy and sell signals

longCondition = crossover(ema50, sma2000)

shortCondition = crossunder(ema50, sma100)

// Execute orders

strategy.entry("Buy", strategy.long, when=longCondition)

strategy.close("Buy", when=shortCondition)

// Plot buy and sell arrows on the chart

plotshape(series=longCondition, title="Buy Signal", color=color.green, style=shape.triangleup, size=size.small)

plotshape(series=shortCondition, title="Sell Signal", color=color.red, style=shape.triangledown, size=size.small)