OPEN-SOURCE SCRIPT
G_GMMA
• Comprehensive GMMA Visualization: It plots six fast EMAs and six slow EMAs, clearly distinguishing short term and long term trends. The indicator fills the space between the fastest and slowest EMAs in each group, turning the moving averages into easily identifiable ribbons rather than a mass of overlapping lines.
• Customizable Appearance: Users can adjust the colors of the fast and slow EMA lines, the fill colors of each ribbon, and the overall line thickness. This makes it easy to tailor the chart to personal preferences or trading templates.
• Dynamic Background Shading: The script can shade the chart’s background depending on whether the fast ribbon is above or below the slow ribbon, giving a quick visual cue for trend direction (uptrend vs. downtrend).
• Touch Alert System: Up to three different EMA lengths can be monitored for “touch” events. When price touches a selected EMA (e.g., 20 , 50 or 200 period EMA), the indicator triggers an alert condition and plots a small circle on the chart at the contact point. This helps traders catch precise entry or exit signals without staring at the screen.
• Flexible Input: Both fast and slow EMA lengths, colors, and alert parameters are user adjustable from the indicator’s settings. This allows the same script to be used on different instruments (e.g., Gold, forex pairs) and time frames by simply changing the period values.
• Trend Sensitive Support/Resistance: By treating the slow EMA ribbon as a dynamic support/resistance zone, the indicator helps traders identify where price is likely to stall or reverse. Combining this with the touch alerts makes it well suited for scalping or intraday trades.
• Customizable Appearance: Users can adjust the colors of the fast and slow EMA lines, the fill colors of each ribbon, and the overall line thickness. This makes it easy to tailor the chart to personal preferences or trading templates.
• Dynamic Background Shading: The script can shade the chart’s background depending on whether the fast ribbon is above or below the slow ribbon, giving a quick visual cue for trend direction (uptrend vs. downtrend).
• Touch Alert System: Up to three different EMA lengths can be monitored for “touch” events. When price touches a selected EMA (e.g., 20 , 50 or 200 period EMA), the indicator triggers an alert condition and plots a small circle on the chart at the contact point. This helps traders catch precise entry or exit signals without staring at the screen.
• Flexible Input: Both fast and slow EMA lengths, colors, and alert parameters are user adjustable from the indicator’s settings. This allows the same script to be used on different instruments (e.g., Gold, forex pairs) and time frames by simply changing the period values.
• Trend Sensitive Support/Resistance: By treating the slow EMA ribbon as a dynamic support/resistance zone, the indicator helps traders identify where price is likely to stall or reverse. Combining this with the touch alerts makes it well suited for scalping or intraday trades.
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.