RoGr75 - EMA 50/8 Cross With Buy/Sell Signals

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RoGr75 - EMA 50/8 Cross With Buy/Sell Signals

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**Overview:**
This script is designed to generate **Buy** and **Sell** signals based on the crossover and crossunder of two Exponential Moving Averages (EMAs): **EMA 8** (green line) and **EMA 50** (blue line). The signals are plotted at a user-defined distance from the candles, ensuring clear visibility and adaptability to market volatility.

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**Key Features:**
1. **EMA Cross Signals**:
- A **Buy Signal** is generated when the **EMA 8** crosses above the **EMA 50**.
- A **Sell Signal** is generated when the **EMA 8** crosses below the **EMA 50**.

2. **Variable Signal Distance**:
- The distance of the Buy and Sell signals from the candles is controlled by a **user-defined input** (`signal_distance`).
- The distance is calculated using the **Average True Range (ATR)** to adapt to market volatility.

3. **Customizable Parameters**:
- `signal_distance`: Adjust the distance of the signals from the candles (default: 2.0).
- ATR period: Fixed at 14 but can be modified in the script.

4. **Visual Enhancements**:
- Buy signals are displayed as green labels below the candles.
- Sell signals are displayed as red labels above the candles.
- Optional background highlighting for Buy and Sell signals.

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**How It Works:**
- The script calculates the **EMA 8** and **EMA 50** and plots them on the chart.
- When a crossover or crossunder occurs, a label is placed at a distance determined by the formula:
- **Buy Signal Position**: `low - (signal_distance * ATR(14))`
- **Sell Signal Position**: `high + (signal_distance * ATR(14))`
- The signals are clearly visible and adapt to the volatility of the asset.

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**Input Parameters:**
- `signal_distance` (type: input float): Controls the distance of the Buy and Sell signals from the candles. Default value is `2.0`.

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**Usage:**
1. Add the script to your chart in TradingView.
2. Adjust the `signal_distance` input to set the desired distance of the signals from the candles.
3. Monitor the Buy and Sell signals generated by the script for potential trading opportunities.

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**Example:**
- If `signal_distance` is set to `2.0`, the Buy signal will appear **2x ATR** below the candle's low, and the Sell signal will appear **2x ATR** above the candle's high.

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**Customization:**
- Modify the ATR period or replace it with a fixed value for static distance.
- Adjust the colors, styles, and sizes of the labels and EMAs to suit your preferences.

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**Ideal For:**
- Traders looking for a simple and effective EMA crossover strategy.
- Users who want customizable signal placement for better visibility.
- Those who prefer volatility-adjusted signal distances.

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**Note:**
This script is for educational and informational purposes only. Always backtest and validate strategies before using them in live trading.

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**RoGr75 - EMA 8/50 Cross Signal Buy/Sell**

This indicator generates buy and sell signals based on the crossover and crossunder of two Exponential Moving Averages (EMAs): a short-term EMA (default length 8) and a long-term EMA (default length 50). Key features include:

- **Customizable Buffers:** Add percentage buffers to reduce false signals.
- **ATR-Based Positioning:** Place signals at a dynamic distance from candles using Average True Range (ATR).
- **Exact Value Offset:** Fine-tune the exact position of signal markers.
- **Visual Alerts:** Clear "BUY" and "SELL" labels with background highlighting for easy identification.
- **Alerts:** Set up TradingView alerts for timely notifications.

Perfect for traders looking to identify trend reversals and momentum shifts with precision and flexibility. Customize inputs to suit your strategy!

**Disclaimer:** This indicator is provided for educational and informational purposes only. Use it at your own risk. Trading involves substantial risk, and you should consult a financial advisor before making any trading decisions. The creator of this indicator is not responsible for any financial losses incurred.