CM_Guppy_EMA
Guppy EMA Trend Based Indicator Requested by 2use
General RULES
1. If Fast and Slow EMA's are ALL in Uptrend. Fast EMA=Aqua Slow EMA's=Green.
2. If Fast And Slow EMA's are ALL in DownTrend. Fast EMA's=Orange Slow EMA's=Red.
3. If Conditions 1 or 2 = False the Color=Silver.
4. If Down Trend Slow EMA's = Resistance.
5. If Up Trend Slow EMA's = Support.
6. Great Moves Start when Color=Silver, then colors change to Up or Down Trend.
7. Conservative move is to wait for 1st or 2nd Pullback.
General RULES
1. If Fast and Slow EMA's are ALL in Uptrend. Fast EMA=Aqua Slow EMA's=Green.
2. If Fast And Slow EMA's are ALL in DownTrend. Fast EMA's=Orange Slow EMA's=Red.
3. If Conditions 1 or 2 = False the Color=Silver.
4. If Down Trend Slow EMA's = Resistance.
5. If Up Trend Slow EMA's = Support.
6. Great Moves Start when Color=Silver, then colors change to Up or Down Trend.
7. Conservative move is to wait for 1st or 2nd Pullback.
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//Created By ChrisMoody on 8/10/2014 by Request for 2use //Daryl Guppy EMA's study(title="CM_Guppy_EMA'S", shorttitle="CM_Guppy_EMA's", overlay=true) src = close, len1 = input(3, minval=1, title="Fast EMA 1") len2 = input(5, minval=1, title="Fast EMA 2") len3 = input(8, minval=1, title="Fast EMA 3") len4 = input(10, minval=1, title="Fast EMA 4") len5 = input(12, minval=1, title="Fast EMA 5") len6 = input(15, minval=1, title="Fast EMA 6") //Slow EMA len7 = input(30, minval=1, title="Slow EMA 7") len8 = input(35, minval=1, title="Slow EMA 8") len9 = input(40, minval=1, title="Slow EMA 9") len10 = input(45, minval=1, title="Slow EMA 10") len11 = input(50, minval=1, title="Slow EMA 11") len12 = input(60, minval=1, title="Slow EMA 12") //Fast EMA ema1 = ema(src, len1) ema2 = ema(src, len2) ema3 = ema(src, len3) ema4 = ema(src, len4) ema5 = ema(src, len5) ema6 = ema(src, len6) //Slow EMA ema7 = ema(src, len7) ema8 = ema(src, len8) ema9 = ema(src, len9) ema10 = ema(src, len10) ema11 = ema(src, len11) ema12 = ema(src, len12) //Fast EMA Color Rules colfastL = (ema1 > ema2 and ema2 > ema3 and ema3 > ema4 and ema4 > ema5 and ema5 > ema6) colfastS = (ema1 < ema2 and ema2 < ema3 and ema3 < ema4 and ema4 < ema5 and ema5 < ema6) //Slow EMA Color Rules colslowL = ema7 > ema8 and ema8 > ema9 and ema9 > ema10 and ema10 > ema11 and ema11 > ema12 colslowS = ema7 < ema8 and ema8 < ema9 and ema9 < ema10 and ema10 < ema11 and ema11 < ema12 //Fast EMA Final Color Rules colFinal = colfastL and colslowL? aqua : colfastS and colslowS? orange : gray //Slow EMA Final Color Rules colFinal2 = colslowL ? lime : colslowS ? red : gray //Fast EMA Plots p1=plot(ema1, title="Fast EMA 1", style=line, linewidth=2, color=colFinal) plot(ema2, title="Fast EMA 2", style=line, linewidth=1, color=colFinal) plot(ema3, title="Fast EMA 3", style=line, linewidth=1, color=colFinal) plot(ema4, title="Fast EMA 4", style=line, linewidth=1, color=colFinal) plot(ema5, title="Fast EMA 5", style=line, linewidth=1, color=colFinal) p2=plot(ema6, title="Fast EMA 6", style=line, linewidth=2, color=colFinal) fill(p1,p2,color=silver, transp=60) //Slow EMA Plots p3=plot(ema7, title="Slow EMA 7", style=line, linewidth=4, color=colFinal2) plot(ema8, title="Slow EMA 8", style=line, linewidth=3, color=colFinal2) plot(ema9, title="Slow EMA 9", style=line, linewidth=3, color=colFinal2) plot(ema10, title="Slow EMA 10", style=line, linewidth=3, color=colFinal2) plot(ema11, title="Slow EMA 11", style=line, linewidth=3, color=colFinal2) p4=plot(ema12, title="Slow EMA 12", style=line, linewidth=4, color=colFinal2) fill(p3,p4, color=silver, transp=60)
