MattDeLong

50ema + 105ema

If price action is above the 50ema + 105ema on the 30-minute chart, be bullish.
If price action is below the 50ema + 105ema on the 30-minute chart, be bearish.
If price action is in-between buy off the lower when it acts like support and sell near the top ema which will act like resistance.

The purpose of this indicator is to show these 30-minute moving averages -- regardless of timeframe. This will only appear if you are using an intraday timeframe.

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 a publication is governed by House Rules. You can favorite it to use it 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.

Want to use this script on a chart?