OPEN-SOURCE SCRIPT
Actualizado Trend Finding by EMAs
INTRO
This indicator is a price action based tool used to visualize trends using Exponential Moving Averages (EMAs).
CONCEPTS
It's created with two EMAs with different lengths (9 and 15) based on user-defined parameters. The script calculates the EMAs for the given lengths using the closing prices of the asset.
The EMAs are plotted on the chart, and their colors are dynamically determined by a conditional statement. If slower EMA is crossing above the faster EMA than the color will be change, And vise-versa for the opposite.
USES:-
The visualization of EMAs in different colors assists in identifying potential trends:
Purpose
This script provides a quick visual representation of potential trend changes based on the relationship between these two EMAs.
This indicator is a price action based tool used to visualize trends using Exponential Moving Averages (EMAs).
CONCEPTS
It's created with two EMAs with different lengths (9 and 15) based on user-defined parameters. The script calculates the EMAs for the given lengths using the closing prices of the asset.
The EMAs are plotted on the chart, and their colors are dynamically determined by a conditional statement. If slower EMA is crossing above the faster EMA than the color will be change, And vise-versa for the opposite.
USES:-
The visualization of EMAs in different colors assists in identifying potential trends:
- a bullish trend when EMAs color is Blue
- and a bearish trend when EMAs color are Red.
Purpose
This script provides a quick visual representation of potential trend changes based on the relationship between these two EMAs.
Notas de prensa
INTROThis indicator is a price action based tool used to visualize trends using Exponential Moving Averages (EMAs).
CONCEPTS
It's created with two EMAs with different lengths (9 and 15) based on user-defined parameters. The script calculates the EMAs for the given lengths using the closing prices of the asset.
The EMAs are plotted on the chart, and their colors are dynamically determined by a conditional statement. If slower EMA is crossing above the faster EMA than the color will be change, And vise-versa for the opposite.
USES:-
The visualization of EMAs in different colors assists in identifying potential trends:
- a bullish trend when EMAs color is Blue, (Also added Buy signal for easy reading)
- and a bearish trend when EMAs color are Red. (Also added Sell signal for easy reading)
Purpose
This script provides a quick visual representation of potential trend changes based on the relationship between these two EMAs.
Notas de prensa
Alert Feature Added,Changed 2nd EMA to 21 for better results. ( You can use anything there )
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.