OPEN-SOURCE SCRIPT
Updated EMA(20,50,200)
Exponential Moving Average on last 20, 50 and 200 close prices.
Release Notes
Exponential Moving Average IndicatorDraws exponential moving average prices as a line chart for three different time frames.
1) The last 21 bars (close price)
2) The last 50 bars (close price)
3) The last 200 bars (close price)
In contrast to the SMA (Simple Moving Average), this moving average "stays closer to the current price", that is, reacting stronger to price changes.
Release Notes
Add another EMA(100) to the script. Reduce default transparency to 50%. Can be overridden in the settings.Release Notes
* - Updated to PineScript v.5
- Updated colors
- Minor bug fixes
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.