AFL for EMA Golden Cross
The golden cross is a bullish breakout pattern formed from a crossover involving a stocks short-term moving average (such as the 10-day moving average) breaking above its long-term moving average (such as 30-day moving average) or resistance level.
This formula allows you to explore for the golden cross between a 20 day exponential moving average, 50 day exponential moving average and 200 day exponential moving average.
Script:
E1=EMA(C, 20);
E2=EMA(C, 50);
E3=EMA(C, 200);
E1_Cross = WriteIf(Cross(E1, E2),”1.CrossUP”, WriteIf(Cross(E2, E1),”3.CrossDown”, WriteIf(E1 >= E2,”2.Up”, WriteIf(E2 > E1,”4.Down”,”5.Neutral”))));
E2_Cross = WriteIf(Cross(E1, E3),”1.CrossUP”, WriteIf(Cross(E3, E1),”3.CrossDown”, WriteIf(E1 >= E3,”2.Up”, WriteIf(E3 > E1,”4.Down”,”5.Neutral”))));
E3_Cross = WriteIf(Cross(E2, E3),”1.CrossUP”, WriteIf(Cross(E3, E2),”3.CrossDown”, WriteIf(E2 >= E3,”2.Up”, WriteIf(E3 > E2,”4.Down”,”5.Neutral”))));
E1_cColor = IIf(Cross(E1, E2), colorBrightGreen, IIf(Cross(E2, E1), colorRed, IIf(E1 >= E2, colorGreen, IIf(E2 > E1, colorDarkRed, colorDefault))));
E2_cColor = IIf(Cross(E1, E3), colorBrightGreen, IIf(Cross(E3, E1), colorRed, IIf(E1 >= E3, colorGreen, IIf(E3 > E1, colorDarkRed, colorDefault))));
E3_cColor = IIf(Cross(E2, E3), colorBrightGreen, IIf(Cross(E3, E2), colorRed, IIf(E2 >= E3, colorGreen, IIf(E3 > E2, colorDarkRed, colorDefault))));
AddTextColumn(E1_Cross,”EMA20-50″, 1, colorDefault, E1_cColor);
AddTextColumn(E2_Cross,”EMA20-200″, 1, colorDefault, E2_cColor);
AddTextColumn(E3_Cross,”EMA50-200″, 1, colorDefault, E3_cColor);
EMA_Ch=
IIf(E1>=E2, 1, 0)+
IIf(E1>=E3, 10, 0)+
IIf(E2>=E3, 100, 0);
AddColumn(EMA_Ch, “EMA”, colorDefault, colorDefault);
Filter = 1;