ZLEMA/SMA Intersection
Uses a 1 period zero lag EMA for the fast line, SMA for slow line. Shows intersection candles in lime for positive crosses, orange for negative crosses.
//@version=2
study("ZLEMA/SMA Intersection")
len1=input(title="Enter Short Day", type=integer, defval=1)
src1=input(close, title="Source")
ema1=ema(src1, len1)
ema2=ema(ema1, len1)
d=ema1-ema2
short=ema1+d
len2=input(title="Enter Long Day", type=integer, defval=10)
src2=input(close, title="Source")
long = sma(src2,len2)
plot(short, color = green,title="Short",style = areabr)
plot(long, color = red,title="long",style =areabr)
plot(cross(short, long) ? short : na,color=(long-short <0 ? lime:orange),style = circles, linewidth = 5,title="Intersection Point")
src = close, len = 1
out = sma(src, len)
barcolor(cross(short,long) ? (long-short <0 ? lime:orange):na)
plotchar(cross(short,long) ? short:na , char='!', location=location.absolute, color=black,title="Alarm", text="!")