OPEN-SOURCE SCRIPT
5 EMAs 200, 55, 50, 21, 9
This indicator combines 5 EMAs
200 EMA => shows larger trend
9 EMA => fast
21 => medium, Fibonacci number
50 => Slow, Fibonacci number
55 => Slow, frequently used in the market
when the 9 crossed 21 to the upside, signals uptrend
when 21 crosses 55 => stronger uptrend
when the 9 crossed 21 to the downside, signals downtrend
when 21 crosses 55 => stronger downtrend
200 EMA => shows larger trend
9 EMA => fast
21 => medium, Fibonacci number
50 => Slow, Fibonacci number
55 => Slow, frequently used in the market
when the 9 crossed 21 to the upside, signals uptrend
when 21 crosses 55 => stronger uptrend
when the 9 crossed 21 to the downside, signals downtrend
when 21 crosses 55 => stronger downtrend
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.