EMA line
The EMA Line AFL in Amibroker uses Exponential Moving Averages (EMAs) to draw lines representing trend directions. It helps traders visualize and comprehend the prevailing market trends by smoothing out price fluctuations. The reliability of trend lines drawn by this AFL relies on the accuracy of market data provided by the Amibroker data feed.
/_SECTION_BEGIN("EMA");
//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,10),"5-EMA",colorBlue,styleLine);
Plot(EMA(Close,20),"10-EMA",colorRed,styleLine);
//Formula for EMA Crossover Price
XR=(EMA(Close,10) * (2 / 6 - 1) - EMA(Close,20) * (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();