OPEN-SOURCE SCRIPT
EMA Trend Takip
Creates a trend following indicator using EMA (Exponential Moving Average). It also highlights the position of the price relative to the EMA and adds visual elements according to the trend direction.
This code performs the following functions:
EMA Calculation: Calculates the EMA with the period specified by the user.
Trend Determination: Determines the trend direction according to whether the price is above or below the EMA.
Visual Elements:
Draws the EMA line and colors it according to the position of the price relative to the EMA.
Adds a label next to the EMA line and moves this label to the left or right as specified by the user.
Colors the background according to the trend direction (green or red).
This code performs the following functions:
EMA Calculation: Calculates the EMA with the period specified by the user.
Trend Determination: Determines the trend direction according to whether the price is above or below the EMA.
Visual Elements:
Draws the EMA line and colors it according to the position of the price relative to the EMA.
Adds a label next to the EMA line and moves this label to the left or right as specified by the user.
Colors the background according to the trend direction (green or red).
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.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.