OPEN-SOURCE SCRIPT
Baxing-4 EMAs 9/21/50/100
4 EMAs is a shaded EMA indicator, there are 4 lines in total: 9, 21, 50 and 100.
EMA (Exponential Moving Average) is a type of moving average calculation (Moving Average: MA). The calculation of the exponential value will consider the relationship of the stock price in the past (according to the number of days we specify) in the form of exponential weights, giving the highest importance to the latest price.
It is recommended to use it to view the price trend in the form of a trend and find turning points. It can be used with all time frames.
The recommended default values here are 9, 21, 50 and 100, but you can
- Change the values as desired
- Turn on/off the unwanted EMA lines
- Turn on/off/change the shading pattern and color, which is the area between the pairs of EMAs (such as the pair 9/21 or 50/100)
EMA (Exponential Moving Average) is a type of moving average calculation (Moving Average: MA). The calculation of the exponential value will consider the relationship of the stock price in the past (according to the number of days we specify) in the form of exponential weights, giving the highest importance to the latest price.
It is recommended to use it to view the price trend in the form of a trend and find turning points. It can be used with all time frames.
The recommended default values here are 9, 21, 50 and 100, but you can
- Change the values as desired
- Turn on/off the unwanted EMA lines
- Turn on/off/change the shading pattern and color, which is the area between the pairs of EMAs (such as the pair 9/21 or 50/100)
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 publications is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
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.