It is for traders who do not have Pro badge on trading view. They are limited to use only 3 indicators. By using two moving averages in a single indicator would enhance their access from the current 3 to a plus one means four indicators.
You will be able to change the color of the lines, their thickness and their values.
I hope you will enjoy this...
Since I noticed there was no Script with actually 3 EMA together (all the ones I found said it was Exponential, but actually was Simple), i created this one.
The lengths, 17 72 305, are based on the phi cube theory, introduced by Bo Williams. The slow length (305) indicate a likely strong support/resistance and the region between the fast and medium lengths (17,...
6 simple and 5 exponential Moving Averages in one indicator.
I made this because its not always easy to tell what average the price might be bouncing off from when you only have a couple at a time.
For some reason, the defaults aren't working.
To fix this, just open the configuration for the indicator after the first time that you load it.