Forms a key part of a trend following trading system.
Shows a channel formed by 2 EMA lines that use the highs and lows as inputs.
The 3 day look-back changes the colour of the line to denote rising and falling EMA .
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules.
You can favorite it to use it on a chart.
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