OPEN-SOURCE SCRIPT
Multi-EMA
Multi-EMA Indicator
This script plots five commonly used Exponential Moving Averages (EMAs) on your chart for trend identification and trade timing.
Included EMAs & Colors:
EMA 8 — Red
EMA 20 — Orange
EMA 50 — Yellow
EMA 100 — Cyan
EMA 200 — Blue
How to use:
Shorter EMAs (8 & 20) help identify short-term momentum and potential entry/exit points.
Mid-range EMA (50) gives a broader view of intermediate trends.
Longer EMAs (100 & 200) are used to confirm long-term trend direction and key support/resistance zones.
Crossovers between EMAs can signal potential trend changes.
Price trading above most EMAs often signals bullish conditions, while trading below suggests bearish momentum.
Designed to work on any timeframe or market.
This script plots five commonly used Exponential Moving Averages (EMAs) on your chart for trend identification and trade timing.
Included EMAs & Colors:
EMA 8 — Red
EMA 20 — Orange
EMA 50 — Yellow
EMA 100 — Cyan
EMA 200 — Blue
How to use:
Shorter EMAs (8 & 20) help identify short-term momentum and potential entry/exit points.
Mid-range EMA (50) gives a broader view of intermediate trends.
Longer EMAs (100 & 200) are used to confirm long-term trend direction and key support/resistance zones.
Crossovers between EMAs can signal potential trend changes.
Price trading above most EMAs often signals bullish conditions, while trading below suggests bearish momentum.
Designed to work on any timeframe or market.
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.