OPEN-SOURCE SCRIPT
Updated Displaced EMA Channel[UO]
Riding a bull run is almost always riding an EMA value. 21 is the default here and it is my favorite.
You buy the asset when it touches the EMA again. But where to sell?
This indicator plots displaced EMA values guggesting possible sell targets. EMA is displaced by a given target profit.
The default values are adjusted on AAVE.
Thus the indicator presents a custom channel for your trading
You buy the asset when it touches the EMA again. But where to sell?
This indicator plots displaced EMA values guggesting possible sell targets. EMA is displaced by a given target profit.
The default values are adjusted on AAVE.
Thus the indicator presents a custom channel for your trading
Release Notes
Corrected typo in input and plot labelsOpen-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.