New script published: EMA-SMA cross

Pine Script Strategy

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)

New script published: EMA-SMA cross