OPEN-SOURCE SCRIPT
Quadruple EMA
These 4EMA will help you assess the trend from a Higher Timeframe perspective.
The shorter the length of the EMA, the more it is adaptive to price.
The longer the length of the EMA, the more significant it is as a historical resistance.
This indicator will help you zoom out and assess the trend's posture, especially if you are a long term investor.
The idea is simple:
You want the shorter period EMAs to be above the historical EMAs for a bullish High Timeframe posture.
Otherwise, as a long-term investor, it is better to close your position if it is open and wait for a bullish crossover to re-enter.
This is not an indicator for those who seek to catch exact tops and bottoms.
The shorter the length of the EMA, the more it is adaptive to price.
The longer the length of the EMA, the more significant it is as a historical resistance.
This indicator will help you zoom out and assess the trend's posture, especially if you are a long term investor.
The idea is simple:
You want the shorter period EMAs to be above the historical EMAs for a bullish High Timeframe posture.
Otherwise, as a long-term investor, it is better to close your position if it is open and wait for a bullish crossover to re-enter.
This is not an indicator for those who seek to catch exact tops and bottoms.
Script open-source
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