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OPEN-SOURCE SCRIPT

stdema

1907
Customizable EMA with Standard Deviation Bands

This indicator enhances the classic Exponential Moving Average (EMA) by adding customizable standard deviation bands, making it a versatile tool for identifying trends and potential market reversals.

Key Features:

  • Customizable EMA Length: You can adjust the EMA length to suit your preferred timeframe or strategy, with a default of 20 periods.

  • Adjustable Standard Deviation Multiplier: Fine-tune the sensitivity of the bands by customizing the standard deviation multiplier, helping to adapt the indicator to various market conditions.

  • Dynamic EMA Coloring: The EMA changes color based on price action relative to the bands:

  • Green: When the price is above the upper standard deviation band, signaling bullish momentum.

  • Red: When the price is below the lower standard deviation band, indicating bearish momentum.

  • Persistent Coloring: If the price is within the neutral zone (between the bands), the EMA retains its last color (green or red), keeping the focus on recent market signals.

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.

For quick access on a chart, add this script to your favorites — learn more here.

TiagoTF
Moving AveragesTrend Analysis

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.
Moving AveragesTrend Analysis

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.

For quick access on a chart, add this script to your favorites — learn more here.

TiagoTF

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.