ChartTraders

Chart Traders: Pivot based EMA(PEMA)

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Chart Traders: Pivot based EMA (PEMA) is giving ema based on pivot .
Three Pivot based EMA represent the support zone when price above the EMA and act as resistance when price below EMA .

Traders have to look for reversal when price is near the pivot based EMA Zone.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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