OPEN-SOURCE SCRIPT
Low Volatility EMA Extension Bands
An EMA-based trend indicator with tight extension bands and statistical tracking for lower-volatility assets.
What it shows:
- 8 EMA (yellow) and 34 EMA (white) lines
- Three extension bands at 10%, 15%, and 20% above and below the 34 EMA
- Color-coded zones: green (10%), amber (15%), red (20%)
- Extension statistics table showing current %, price difference, min/max/median values for EMA 34, 50-week SMA, and 200-week SMA
Settings:
- Adjustable EMA lengths (default: 8 and 34)
- Customizable extension percentages (default: 10%, 15%, 20%)
- Toggle extension bands on/off
- Toggle statistics table on/off
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.