OPEN-SOURCE SCRIPT
EMA 21/50/150/200
This indicator plots four Exponential Moving Averages (EMAs) on the chart to help identify trends, momentum, and potential support or resistance levels. The EMAs used are:
EMA 21 (Red): Captures short-term price momentum.
EMA 50 (Orange): Represents medium-term trend direction.
EMA 150 (Aqua): Shows the broader trend over a longer timeframe.
EMA 200 (Blue): Commonly used to identify major long-term trend direction and key support/resistance zones.
These EMAs are commonly used by swing traders and trend-following strategies to determine trend strength, pullback opportunities, or cross-based trade entries
EMA 21 (Red): Captures short-term price momentum.
EMA 50 (Orange): Represents medium-term trend direction.
EMA 150 (Aqua): Shows the broader trend over a longer timeframe.
EMA 200 (Blue): Commonly used to identify major long-term trend direction and key support/resistance zones.
These EMAs are commonly used by swing traders and trend-following strategies to determine trend strength, pullback opportunities, or cross-based trade entries
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.