OPEN-SOURCE SCRIPT
EMAs 20/50/200 with Trend Coloring
It calculates EMA 20, 50, and 200.
For each EMA, it compares the current value with the previous bar (ema > ema[1]).
If rising → green, if falling → red.
All three EMAs are plotted with different colors dynamically changing by slope.
For each EMA, it compares the current value with the previous bar (ema > ema[1]).
If rising → green, if falling → red.
All three EMAs are plotted with different colors dynamically changing by slope.
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.
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.
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.
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.