OPEN-SOURCE SCRIPT
EMA 5/10/20
Plots exponential moving average on three timeframes at once for rapid indication of momentum shift as well as slower-moving confirmations.
Displays EMA 5, 10, and 20.
The default colors are simple to follow, via Red/Yellow/Green Traffic Light.
When momentum is shifted upwards, the bands will be Green on bottom, then Yellow, and Red on top.
When momentum shifts downward, vise versa.
As a student inside The Real World, my recognition goes to:
Andrew Tates University at
jointherealworld.com
Displays EMA 5, 10, and 20.
The default colors are simple to follow, via Red/Yellow/Green Traffic Light.
When momentum is shifted upwards, the bands will be Green on bottom, then Yellow, and Red on top.
When momentum shifts downward, vise versa.
As a student inside The Real World, my recognition goes to:
Andrew Tates University at
jointherealworld.com
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 publication is governed by House rules. You can favorite it to use it on a chart.
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