OPEN-SOURCE SCRIPT
Tripple EMA 13, 50, 200 by AR (Ankurna)
This script plots three key Exponential Moving Averages (EMAs) to help traders analyze price trends and identify potential trading opportunities:
13 EMA (Red): Short-term trend indicator.
50 EMA (Green): Medium-term trend indicator.
200 EMA (Black): Long-term trend indicator, commonly used to determine overall market direction.
Features:
Custom Colors:
13 EMA is plotted in red for quick identification of short-term trends.
50 EMA is in green, providing a clear view of medium-term trends.
200 EMA is in black, a reliable marker of long-term trends.
Simple and Clean Design: The script is lightweight and easy to use for all traders, whether you're a beginner or a pro.
Overlay on Chart: This indicator displays directly on the price chart for better clarity and analysis.
Usage:
Crossovers: Use the crossovers between the EMAs to identify potential buy or sell signals.
Trend Confirmation: Compare price action relative to the EMAs to confirm the market's trend.
Support/Resistance: Long-term EMAs like the 200 EMA often act as dynamic support or resistance.
This indicator is ideal for day traders, swing traders, and long-term investors alike. Customize the EMA settings in the script if you need different periods.
13 EMA (Red): Short-term trend indicator.
50 EMA (Green): Medium-term trend indicator.
200 EMA (Black): Long-term trend indicator, commonly used to determine overall market direction.
Features:
Custom Colors:
13 EMA is plotted in red for quick identification of short-term trends.
50 EMA is in green, providing a clear view of medium-term trends.
200 EMA is in black, a reliable marker of long-term trends.
Simple and Clean Design: The script is lightweight and easy to use for all traders, whether you're a beginner or a pro.
Overlay on Chart: This indicator displays directly on the price chart for better clarity and analysis.
Usage:
Crossovers: Use the crossovers between the EMAs to identify potential buy or sell signals.
Trend Confirmation: Compare price action relative to the EMAs to confirm the market's trend.
Support/Resistance: Long-term EMAs like the 200 EMA often act as dynamic support or resistance.
This indicator is ideal for day traders, swing traders, and long-term investors alike. Customize the EMA settings in the script if you need different periods.
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