OPEN-SOURCE SCRIPT
Updated Dekkapok Premium Prices and EMA360 [Clean Ver.]
Overview:
The EMA360 Premium Levels indicator is designed to help traders identify key price levels above the EMA360 (Exponential Moving Average) on a daily timeframe. These levels, referred to as "premium levels" are calculated as multiples of the EMA360 and can act as potential resistance or support zones for price action analysis.
Features:
EMA360 Calculation:
The script calculates the EMA360 using the daily timeframe (or any user-specified timeframe).
EMA360 is plotted as a bold blue line for clear visibility.
Premium Levels:
Multiple levels above the EMA360 are plotted as horizontal green lines.
These levels are calculated by multiplying the EMA360 value by user-defined multipliers (e.g., 1.2x, 1.3x, etc.).
Premium levels can help identify overbought or extended price zones relative to EMA360.
Customizable Inputs:
EMA Length: Default is set to 360, but users can adjust the EMA length as needed.
Timeframe: EMA360 is calculated using the daily timeframe by default, but any timeframe can be selected.
Multipliers: Traders can input their desired multipliers (e.g., 1.2, 1.3, 1.5) as a comma-separated list.
Clean Visualization:
EMA360 and premium levels are plotted directly on the price chart for intuitive analysis.
Premium level lines are semi-transparent green to minimize clutter while maintaining focus on critical levels.
Use Cases:
Trend Analysis: Use the EMA360 to identify the broader market trend. Prices above the EMA360 generally indicate an uptrend, while prices below may indicate a downtrend.
Overextension Zones: Premium levels help traders identify zones where the price may be overbought or overextended relative to EMA360.
Dynamic Support/Resistance: The premium levels can act as dynamic resistance zones during uptrends and support zones during pullbacks.
How to Use:
Apply the indicator to your chart in TradingView.
Observe the EMA360 line to understand the market trend.
Use the green premium level lines to identify potential resistance zones as the price moves above the EMA360.
Customization Options:
Adjust the EMA Length and Timeframe to match your trading style.
Modify the Premium Multipliers to suit your market analysis needs (e.g., add or reduce levels like 1.1x, 1.8x, etc.).
This indicator is especially useful for trend-following traders who want to leverage EMA-based levels for strategic decision-making.
- Dekkapok
The EMA360 Premium Levels indicator is designed to help traders identify key price levels above the EMA360 (Exponential Moving Average) on a daily timeframe. These levels, referred to as "premium levels" are calculated as multiples of the EMA360 and can act as potential resistance or support zones for price action analysis.
Features:
EMA360 Calculation:
The script calculates the EMA360 using the daily timeframe (or any user-specified timeframe).
EMA360 is plotted as a bold blue line for clear visibility.
Premium Levels:
Multiple levels above the EMA360 are plotted as horizontal green lines.
These levels are calculated by multiplying the EMA360 value by user-defined multipliers (e.g., 1.2x, 1.3x, etc.).
Premium levels can help identify overbought or extended price zones relative to EMA360.
Customizable Inputs:
EMA Length: Default is set to 360, but users can adjust the EMA length as needed.
Timeframe: EMA360 is calculated using the daily timeframe by default, but any timeframe can be selected.
Multipliers: Traders can input their desired multipliers (e.g., 1.2, 1.3, 1.5) as a comma-separated list.
Clean Visualization:
EMA360 and premium levels are plotted directly on the price chart for intuitive analysis.
Premium level lines are semi-transparent green to minimize clutter while maintaining focus on critical levels.
Use Cases:
Trend Analysis: Use the EMA360 to identify the broader market trend. Prices above the EMA360 generally indicate an uptrend, while prices below may indicate a downtrend.
Overextension Zones: Premium levels help traders identify zones where the price may be overbought or overextended relative to EMA360.
Dynamic Support/Resistance: The premium levels can act as dynamic resistance zones during uptrends and support zones during pullbacks.
How to Use:
Apply the indicator to your chart in TradingView.
Observe the EMA360 line to understand the market trend.
Use the green premium level lines to identify potential resistance zones as the price moves above the EMA360.
Customization Options:
Adjust the EMA Length and Timeframe to match your trading style.
Modify the Premium Multipliers to suit your market analysis needs (e.g., add or reduce levels like 1.1x, 1.8x, etc.).
This indicator is especially useful for trend-following traders who want to leverage EMA-based levels for strategic decision-making.
- Dekkapok
Release Notes
Overview: The "BTCUSDT Premium Prices and EMA360" indicator is designed for traders and analysts who want to visualize the long-term trend of Bitcoin (BTC) against Tether (USDT) while also identifying premium price levels based on the Exponential Moving Average (EMA) of the closing price over a 360-period timeframe. This indicator provides a comprehensive view of market dynamics, helping users make informed trading decisions.Key Features:
Exponential Moving Average (EMA360):
The indicator calculates the EMA of the closing price over the last 360 bars, providing a smoothed representation of the price trend. The EMA is particularly useful for identifying the direction of the trend and potential support or resistance levels.
Premium Price Levels:
The indicator calculates and plots multiple premium price levels based on the EMA360. These levels are derived by multiplying the EMA by factors ranging from 1.1 to 2.0, allowing traders to identify potential price targets or areas of interest:
Premium 1.1: EMA360 * 1.1
Premium 1.2: EMA360 * 1.2
Premium 1.3: EMA360 * 1.3
Premium 1.4: EMA360 * 1.4
Premium 1.5: EMA360 * 1.5
Premium 1.6: EMA360 * 1.6
Premium 1.7: EMA360 * 1.7
Premium 1.8: EMA360 * 1.8
Premium 1.9: EMA360 * 1.9
Premium 2.0: EMA360 * 2.0
Visual Representation:
The EMA360 is plotted as a purple line, while the premium price levels are represented in various colors for easy differentiation:
Premium 1.1: Fuchsia
Premium 1.2: Red
Premium 1.3: Orange
Premium 1.4: Yellow
Premium 1.5: Green
Premium 1.6: Blue
Premium 1.7: Teal
Premium 1.8: Navy
Premium 1.9: Purple
Premium 2.0: Black
Dynamic Table:
A table is included in the indicator that displays the current values of the EMA360 and all premium price levels. This table updates in real-time, providing traders with quick access to key price information.
Labeling:
The indicator generates labels on the chart at the last bar, displaying the current EMA360 value and the corresponding premium prices. This feature enhances the visual analysis by providing immediate context for the plotted lines.
Use Cases:
Trend Analysis: Traders can use the EMA360 to identify the overall trend direction and make decisions based on whether the price is above or below the EMA.
Price Targets: The premium levels can serve as potential price targets for traders looking to enter or exit positions.
Market Sentiment: By observing how the price interacts with the premium levels, traders can gauge market sentiment and potential reversals.
Conclusion: The "BTCUSDT Premium Prices and EMA360" indicator is a powerful tool for traders looking to enhance their technical analysis of Bitcoin against Tether. By combining the EMA with multiple premium price levels and a dynamic table, this indicator provides a comprehensive view of market conditions, helping traders make informed decisions in a volatile market.
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.