OPEN-SOURCE SCRIPT
DrNon EMA5/15/89/200 with Last Low
DrNon EMA5/15/89/200 with Last Low Indicator
This TradingView script is designed for traders who use Exponential Moving Averages (EMAs) to analyze market trends and key support/resistance levels. It plots four essential EMAs:
• EMA 5 (Green): Short-term trend
• EMA 15 (Yellow): Medium-short trend
• EMA 89 (Blue): Medium-long trend
• EMA 200 (Red): Long-term trend
These EMAs help identify potential trend reversals, crossovers, and dynamic support/resistance zones in different timeframes.
Last Low Feature
This script also includes a Last Low indicator, which dynamically tracks the lowest price over a user-defined period (default: 10 bars). Instead of a solid line, it uses a dashed purple line for improved visibility.
This feature is useful for:
✔ Identifying recent support levels
✔ Spotting potential breakdowns or bounce points
✔ Confirming trade entry/exit strategies
Customization
🔹 Adjust the Last Low period via an input field
🔹 Modify EMA colors for better chart clarity
🔹 Enhance alerts by integrating notifications
This tool is ideal for scalpers, swing traders, and long-term investors who rely on EMAs for trend-following strategies.
This TradingView script is designed for traders who use Exponential Moving Averages (EMAs) to analyze market trends and key support/resistance levels. It plots four essential EMAs:
• EMA 5 (Green): Short-term trend
• EMA 15 (Yellow): Medium-short trend
• EMA 89 (Blue): Medium-long trend
• EMA 200 (Red): Long-term trend
These EMAs help identify potential trend reversals, crossovers, and dynamic support/resistance zones in different timeframes.
Last Low Feature
This script also includes a Last Low indicator, which dynamically tracks the lowest price over a user-defined period (default: 10 bars). Instead of a solid line, it uses a dashed purple line for improved visibility.
This feature is useful for:
✔ Identifying recent support levels
✔ Spotting potential breakdowns or bounce points
✔ Confirming trade entry/exit strategies
Customization
🔹 Adjust the Last Low period via an input field
🔹 Modify EMA colors for better chart clarity
🔹 Enhance alerts by integrating notifications
This tool is ideal for scalpers, swing traders, and long-term investors who rely on EMAs for trend-following strategies.
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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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.