OPEN-SOURCE SCRIPT
4 EMA Lines with Labels V.0
This Pine Script displays 4 Exponential Moving Averages (EMAs) with dynamic labels directly on the chart.
The EMAs help traders identify short to long-term trends.
✅ EMA Details:
EMA 20 (Blue): Very short-term trend
EMA 50 (Green): Short-term trend
EMA 100 (Yellow): Mid-term trend
EMA 200 (Red): Long-term trend
📊 How It Works:
Plots 4 EMA lines with different colors for easy identification.
Adds dynamic labels that update automatically based on price movement.
💡 Benefits:
Quickly spot market trends.
Identify dynamic support/resistance levels.
Improve decision-making with clear visual cues.
The EMAs help traders identify short to long-term trends.
✅ EMA Details:
EMA 20 (Blue): Very short-term trend
EMA 50 (Green): Short-term trend
EMA 100 (Yellow): Mid-term trend
EMA 200 (Red): Long-term trend
📊 How It Works:
Plots 4 EMA lines with different colors for easy identification.
Adds dynamic labels that update automatically based on price movement.
💡 Benefits:
Quickly spot market trends.
Identify dynamic support/resistance levels.
Improve decision-making with clear visual cues.
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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Disclaimer
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