OPEN-SOURCE SCRIPT
Exponential Moving Average Ribbon 12
This indicator shows up to twelve exponential moving average lines at once in a single indicator. Or, to put it another way, an EMA ribbon.
You can turn off individual EMAs at your discretion, showing between none and twelve at a time, and of course you can change the period lengths of each at your discretion.
The last four EMAs are green when bullish and red when bearish. The others will change color slightly too, much more subtly.
Why another one of these? There's a few of these already, but I wanted the ability to quickly turn off and on different EMA lines to see certain things, like support and resistance off an EMA, without having to futz about changing the period length on different ones, and I wanted something with a few more EMA lines than others provided.
I use this with other analysis to help determine trade opportunities.
You can turn off individual EMAs at your discretion, showing between none and twelve at a time, and of course you can change the period lengths of each at your discretion.
The last four EMAs are green when bullish and red when bearish. The others will change color slightly too, much more subtly.
Why another one of these? There's a few of these already, but I wanted the ability to quickly turn off and on different EMA lines to see certain things, like support and resistance off an EMA, without having to futz about changing the period length on different ones, and I wanted something with a few more EMA lines than others provided.
I use this with other analysis to help determine trade opportunities.
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.