OPEN-SOURCE SCRIPT
EMA SIMPLE
This indicator displays a configurable Exponential Moving Average (EMA) that helps identify trend direction and potential dynamic support/resistance zones.
The EMA gives more weight to recent prices, reacting faster to market changes compared to the Simple Moving Average (SMA). This makes it useful for:
Detecting short- and medium-term trends.
Filtering trades in the direction of the prevailing trend.
Pinpointing more precise entries and exits when compared to price action.
Features:
Configurable period (default: 50).
Customizable line color and thickness.
Adapts to any timeframe (scalping, intraday, swing).
How to use it:
Price above the EMA → bullish trend.
Price below the EMA → bearish trend.
Price crossing the EMA may signal potential reversals or pullbacks.
The EMA gives more weight to recent prices, reacting faster to market changes compared to the Simple Moving Average (SMA). This makes it useful for:
Detecting short- and medium-term trends.
Filtering trades in the direction of the prevailing trend.
Pinpointing more precise entries and exits when compared to price action.
Features:
Configurable period (default: 50).
Customizable line color and thickness.
Adapts to any timeframe (scalping, intraday, swing).
How to use it:
Price above the EMA → bullish trend.
Price below the EMA → bearish trend.
Price crossing the EMA may signal potential reversals or pullbacks.
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.