OPEN-SOURCE SCRIPT
Mushir's EMA 8/20
EMA 8/20 is an indicator made by @MushirSpeaks, which gives the trend condition of the selected timeframe.
The EMA 20 is represented with a blue color and the EMA 8 is represented subjectively,
when EMA 8 is above EMA 20 the color of EMA 8 becomes green which indicates that the market is in uptrend and a long trade can be planned upon the successful testing and structure formations, whereas when the EMA 8 is below the EMA 20 the color of EMA 8 turn red hence denoting that the trend has shifted to downtrend and accordingly a short trade can be planned.
(Not Financial Advice)
The EMA 20 is represented with a blue color and the EMA 8 is represented subjectively,
when EMA 8 is above EMA 20 the color of EMA 8 becomes green which indicates that the market is in uptrend and a long trade can be planned upon the successful testing and structure formations, whereas when the EMA 8 is below the EMA 20 the color of EMA 8 turn red hence denoting that the trend has shifted to downtrend and accordingly a short trade can be planned.
(Not Financial Advice)
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.
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.