Structure Break EMA Cross
- Indicators
- Version: 1.0
- Activations: 5
A structure break on its own is often followed by a pullback. An EMA crossover on its own fires often in ranges. This indicator marks only the candles where both line up within a window you set.
Signal sources (choose one or all)
- BOS: a close beyond the last confirmed swing in the direction of the current structure.
- CHoCH: the first close beyond a swing against the current structure.
- Equal highs / lows: two swing highs (or lows) within a tolerance of ATR, with no trading through the level in between. Third and later touches are counted ("EQH x3").
Cross rules
- Breaks: Confirm (cross in the break direction), Opposite (cross against the break, for failed breaks) or Any.
- The cross may come up to N candles before the break or up to N candles after it.
- Equal levels: Reversal (EQL then a bullish cross, EQH then a bearish cross), Continuation, or Any. You can set a maximum distance from the level at the cross.
What you see
- Fast and slow EMA lines (default 9 and 21, optional).
- Break lines labelled BOS (solid) or CHoCH (dashed), from the swing to the break candle.
- EQH/EQL lines that extend until price closes through them, then turn grey.
- Up and down arrows on signal candles, also available as buffers for Expert Advisors.
- Alerts: pop-up, push and sound. You can also choose an alert on every event without a cross.
How it calculates
A swing is confirmed after N candles on each side. EMAs and ATR (Wilder) are calculated inside the indicator. All rules run once per closed candle. Arrows never move or disappear after the candle closes.
Forex and gold
Equal-level tolerance, arrow spacing and maximum distance are all multiples of ATR. They therefore scale across EURUSD, GBPUSD, USDJPY and XAUUSD without changing settings. On gold, M5 to H1 with swing strength 5 is a reasonable start.
Inputs
Signal source, swing strength, close or wick break, ATR period, history bars.
EMA periods, cross modes and windows for breaks and for equal levels, maximum distance.
Equal levels: minimum and maximum candles apart, tolerance (x ATR), line length.
Colours, line width, labels, arrow offset. Alerts.
Notes
- This indicator does not open, modify or close trades. It is an analysis tool and not financial advice. No result is guaranteed.
Questions and suggestions are welcome in the comments section of this product.
