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.


Exponential Moving Average (EMA)Moving Averagesmultipleribbon

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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