OPEN-SOURCE SCRIPT
Updated Triple Exponential Moving Averages
In this above indicator, one can plot 3 indicators simultaneously
where, 200ema can be used to watch on-going long term trend, dynamic support levels for an instrument
50ema can be combined with 200ema forming a Golden Cross strategy, 50ema can be used as short term support and resistance as well.
Lastly, 20ema could be your swing entry, exit, pullback support/resistance, triple crossover for an Ambush entry, Retest entry, etc.
it is one of the most versatile setup where you can trade an instrument by crosschecking and confirming with multiple parameter
where, 200ema can be used to watch on-going long term trend, dynamic support levels for an instrument
50ema can be combined with 200ema forming a Golden Cross strategy, 50ema can be used as short term support and resistance as well.
Lastly, 20ema could be your swing entry, exit, pullback support/resistance, triple crossover for an Ambush entry, Retest entry, etc.
it is one of the most versatile setup where you can trade an instrument by crosschecking and confirming with multiple parameter
Release Notes
added source of EMA differently so you can tweak some things and make Magic Bands too! Enjoy.Release Notes
minor color changesRelease Notes
minor changesRelease Notes
.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.