OPEN-SOURCE SCRIPT
200 ema dangezone
This script tracks price interaction with the 200 EMA on the 1-minute chart and highlights key regions:
Purple: No-trade zone, indicating recent proximity to the 200 EMA.
Green: Trending upward, price above the 200 EMA.
Red: Trending downward, price below the 200 EMA.
Use this indicator to identify safe trading opportunities while avoiding high-risk zones near the EMA.
Purple: No-trade zone, indicating recent proximity to the 200 EMA.
Green: Trending upward, price above the 200 EMA.
Red: Trending downward, price below the 200 EMA.
Use this indicator to identify safe trading opportunities while avoiding high-risk zones near the EMA.
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.
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.