OPEN-SOURCE SCRIPT
EMA/SMA Band
Updated
Plot the source high, low and close of any given ema or sma. Support and resistance is defined as an area where price is likely to bounce or get rejected and since MA's are usually just one line, this band is meant to act as an area surrounding the original MA and therefore avoiding fake outs.
Release Notes
Optional green and red color addedOpen-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 publication 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.