EMA Crossover Price
Focused on price movements during Exponential Moving Average (EMA) crossovers, the EMA Crossover Price AFL in Amibroker offers insights into price behavior around these critical moments. The accuracy of price analysis through EMA crossovers significantly depends on the accuracy of market data provided by the Amibroker data feed. Precise data ensures that traders can trust the observations made using this AFL, allowing for more confident decision-making based on price movements during crossovers.
/_SECTION_BEGIN("EMA Crossover Price");
//
// The Title of this Graph shows the Price needed to generate an EMA
// Crossover. It is useful in predicting an Entry or Exit Price if you use EMA
// Crossovers. The default EMAs are 5 and 10 Periods. The layout is simple and
// can easily be worked into your own favorite graphs.
//
//------------------------------------------------------------------------------
//The Title of the graph will show the price required to generate a crossover of the EMAs. For instance, if you want to buy a stock if the 5 Day EMA crosses above the 10 Day EMA, you will know what price is needed to make that happen on the next day by the figure that is displayed in the Title. Take the Formula and the AFL and work it into your own favorite graphs.
Plot(Close, "Price", colorBlack, styleBar);
Plot(EMA(Close,5),"5-EMA",colorWhite,styleLine);
Plot(EMA(Close,10),"10-EMA",colorRed,styleLine);
//Formula for EMA Crossover Price
XR=(EMA(Close,5) * (2 / 6 - 1) - EMA(Close,10) * (2 / 11 - 1)) / (2 / 6 - 2 / 11);
Title = Name() + " " + Date() + EncodeColor( colorBlue ) + " Close: " + C + EncodeColor( colorBlack ) + " Open: " + O + " High: " + H + " Low: " + L + EncodeColor( colorBlue )+ "\n" + EncodeColor(colorDarkGreen) + WriteVal (XR, format=1.2 ) + " Price Required for EMA Crossover";
_SECTION_END();