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Emabands

34 EMA Bands [v2]Updating an older concept here with some more oversold/overbought zones. Pretty self explanatory, red zone indicate overbought zones and green zone is a oversold. Often, price likes to bounce off of the lower bounds of these zones, but it can sometimes extend all the way through the zone onto the upper boundary. There are many lines to this indicator, i prefer using it with all the lines off except the outermost ones. However, you can edit it if it suits you better. Source code is open, so any suggestions to improve its accuracy are welcome :)
Pine Script® indicator
by VishvaP

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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