OPEN-SOURCE SCRIPT
EMA Noodle Fan by Kviateq
Just a very simple EMA fan using Highs and Lows instead of closes. This results in these "EMA noodles". Price very rarely reacts rigidly to a close price of an EMA, sometimes it comes short, other times it overshoots it. Hence the idea behind the noodles.
You can obviously change the lengths of each of the noodle, I chose these lengths for a M5 timeframe and these represent your typical 50, 100 and 200 EMAs on higher timeframes.
You can obviously change the lengths of each of the noodle, I chose these lengths for a M5 timeframe and these represent your typical 50, 100 and 200 EMAs on higher timeframes.
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.