Ultimate EMA Screener

18. Nov. 2019

Hello traders

Very busy preparing a few stuff for Black Friday but wanted to remind that I still know Pinescript and how to step up my game :)

My master RicardoSantos once again showed me how to push the pinescript limits one step/dimension further. Kudo also to my client (Judy) for this amazing idea.

I inspired myself from his script (tradingview.com/script/wwJ7PnGJ-RS-Intraday-Multiple-Instrument-Momentum-Window/) to display multiple assets in the same panel - without breaking the chart scaling.

In that case, I'm comparing 5 EMAs relatively to each other and display:
- a square if they're stacked properly
- a triangle if two of them are stacked properly
- a dash otherwise

For those interested, the conditions are in the f_securitys function.

I posted in the past a few screeners using labels but we're limited to 50 labels per script. There isn't such limitation when using the plotshape function - giving us more complete screeners. #uhuuuu

I'll post a few more examples this week with different trading strategies/combinations. The possibilities here are (close to) limitless.
I'm using the security built-in function to call external assets (here different forex pairs) and we're limited to 40 security calls per script.
But nothing preventing us from duplicating the same script a few times and calling different assets each time :) If you'd like to display 10 forex pairs, you only need to add that script on your chart twice and select 5 pairs for the first panel, 5 other pairs for the second panel.

You're welcome <3

All the BEST
Dave