OPEN-SOURCE SCRIPT
EMAs MultiTimeFrames + Trends - BeloTrade
This is an indicator thats allows us to see the trend in diferent time frames, we use the 72EMA. (4h,1h, 15min).
When the price is above all the EMAs is an clear uptrend. When is below is a clear downtrend. In the middle we are in a consolidation phase.
Green = Bullish
Red = Bearish
Emas MultiTameFrames : EMA 72 (15m) + EMA 72 (1H) + EMA 72 (4H).
Color Change: Cross EMA 72 (1H) - EMA 72 (4H).
The cross tends to be a confirmation off the trend change.
When the price is above all the EMAs is an clear uptrend. When is below is a clear downtrend. In the middle we are in a consolidation phase.
Green = Bullish
Red = Bearish
Emas MultiTameFrames : EMA 72 (15m) + EMA 72 (1H) + EMA 72 (4H).
Color Change: Cross EMA 72 (1H) - EMA 72 (4H).
The cross tends to be a confirmation off the trend change.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.