OPEN-SOURCE SCRIPT

EMA X Oscillator

Updated

This indicator combines elements of the Exponential Moving Average (EMA) crossover and Rate of Change (ROC), generating a solid simple tool for technical analysis.

Overall, this script creates an oscillator by calculating the Rate of Change between two Exponential Moving Averages (Fast and Slow) based on the chosen smoothing methods and lengths. The oscillator helps identify potential trends. It offers customization options for the types of smoothing and other parameters, making it versatile for various strategies.

Release Notes

*Added the HMA as a smoothing option along with minor superficial changes

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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NantzOS

KP

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