OPEN-SOURCE SCRIPT
3 EMA Indicator Action Zone
3 EMA:
Fast: 15
Medium: 89
Slow: 200
Green = Price > Fast and Fast > Medium and Medium > Slow
Blue = Price > Fast and Fast > Medium and Medium < Slow
Aqua = (Price > Fast and Fast < Medium and Medium > Slow) or (Price > Fast and Fast < Medium and Medium < Slow)
Yellow = (Price < Fast and Fast > Medium and Medium > Slow) or (Price < Fast and Fast > Medium and Medium < Slow)
Brown = Price < Fast and Fast < Medium and Medium > Slow
Red = Price < Fast and Fast < Medium and Medium < Slow
Buy if green
Sell when Red
Fast: 15
Medium: 89
Slow: 200
Green = Price > Fast and Fast > Medium and Medium > Slow
Blue = Price > Fast and Fast > Medium and Medium < Slow
Aqua = (Price > Fast and Fast < Medium and Medium > Slow) or (Price > Fast and Fast < Medium and Medium < Slow)
Yellow = (Price < Fast and Fast > Medium and Medium > Slow) or (Price < Fast and Fast > Medium and Medium < Slow)
Brown = Price < Fast and Fast < Medium and Medium > Slow
Red = Price < Fast and Fast < Medium and Medium < Slow
Buy if green
Sell when Red
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.
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