OPEN-SOURCE SCRIPT
Updated Frosted 12 EMA WIDTH
This is a complementary indicator for the 12 EMAs indicator (tradingview.com/script/2svpFULS-Frosted-12-EMAs/)
This width indicator shows the fanning width of each fan (shorter MAs and longer MAs).
To make things easier to see:
You can turn off one of the histograms to view just one of the widths (and add a 2nd instance of this indicator, turning off the other width).
This width indicator shows the fanning width of each fan (shorter MAs and longer MAs).
To make things easier to see:
You can turn off one of the histograms to view just one of the widths (and add a 2nd instance of this indicator, turning off the other width).
Release Notes
NEW ADDITIONS:- Added a Width Between line, which shows the width between the two EMA fans: Basically, when the line is at 0, then the slowest EMA of the Slow Fan and the fastest EMA of the Fast Fan are crossing each other. (It is possible to hide this line, or any of the histograms, in the configuration window).
- Added 6 (configurable) horizontal lines to help visualize things better.
Changes to defaults values:
- Changed the line thickness of the Slow Fan's histogram to help differentiate between histograms in overlapping areas.
Enjoy!
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.
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.
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.