OPEN-SOURCE SCRIPT
dm - Exponential Moving Averages (21, 50, 100, 150, 200)
This script provides key exponential moving averages (EMAs) set at 21, 50, 100, 150, and 200 periods, allowing traders to identify trends, potential entry and exit points, and support/resistance levels. The EMAs adapt more quickly to price changes compared to simple moving averages, making them ideal for dynamic market analysis. Colors change based on price relation to each EMA, enhancing quick visual assessment for informed decision-making.
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 publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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