OPEN-SOURCE SCRIPT
EMA Price Difference Trading
This indicator calculates the percentage difference between the Exponential Moving Average (EMA) and the current price, generating alerts when this difference exceeds specific thresholds (1%, 2%, 3%).
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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