OPEN-SOURCE SCRIPT
IU EMA Channel
The IU EMA Channel is a dynamic tool designed to help traders identify market trends and price zones with ease. It features two Exponential Moving Averages (EMAs) calculated using the high and low prices.
User Input / setting :
"EMA Length = " sets the length for the EMAs calculations
Key Features:
Trend Visualization: The channel changes color based on price action relative to the EMAs:
Aqua when price is above the high-based EMA (bullish)
Purple when price is below the high-based EMA (bearish)
Customizable Length: Adjust the EMA length using the built-in settings.
Clear Channel Fill: The area between the EMAs is shaded for easy trend identification.
How to Use:
Look for bullish trends when price stays above the channel.
Watch for bearish trends when price stays below the channel.
Can be used for trend-following strategies and dynamic support/resistance levels.
Ideal For: Trend traders, swing traders, and technical analysts seeking a simple yet effective trend-following tool.
User Input / setting :
"EMA Length = " sets the length for the EMAs calculations
Key Features:
Trend Visualization: The channel changes color based on price action relative to the EMAs:
Aqua when price is above the high-based EMA (bullish)
Purple when price is below the high-based EMA (bearish)
Customizable Length: Adjust the EMA length using the built-in settings.
Clear Channel Fill: The area between the EMAs is shaded for easy trend identification.
How to Use:
Look for bullish trends when price stays above the channel.
Watch for bearish trends when price stays below the channel.
Can be used for trend-following strategies and dynamic support/resistance levels.
Ideal For: Trend traders, swing traders, and technical analysts seeking a simple yet effective trend-following tool.
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.
Vous voulez utiliser ce script sur un graphique ?
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.