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I started with the EMA band afl in the library. I want to modify the
buy/sell signals to buy when the fast ema moves below the lower band
and crosses up from below. Then sell when it hooks over the upper
ban goes above and crosses down.
Also, I want to stop and reverse on the signals both long and short.
Can someone suggest changes as described? Thanks.
/* EMA offset bands ver 1_2
I'd guess this is NOT much different to bbands except you can contol
the per %
offset and the periods ema to off set*/
per=.015;//Percent placement
periods=13;//time periods
fast=5;
/*********************************/
emaverage= EMA(C,periods);
bandsAdjust=emaverage*per;
upperband=emaverage+bandsAdjust;
Lowerband=emaverage-bandsAdjust;
Plot(EMA(C,fast),"trigger",7,1);
Plot(EMA(C,periods),"ema",5,1);
Plot(C,"EMA",15,64);// plots the close with candles
Plot(upperband,"upperband",3,1);// upperband
Plot(Lowerband,"lowerband",4,1);//lowerband
bCond1=Ref(Cross(C,Lowerband),-1) AND C > lowerband ;
bCond2= C > EMAverage ;// the "or" gets me into up trends
bCond3= C > EMA(C,65);// trend
Buy = bcond1 AND bCond3 OR bCond2;
scond1= Ref( Cross(emaverage,C),-1)AND C < emaverage;// close days
under ema
scond2=C < Lowerband;//failed trade drops below lowerband
Sell = scond1 OR scond2;
Buy = ExRem( Buy, Sell );// removes buy/sell arrows
Sell = ExRem( Sell, Buy );
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