OPEN-SOURCE SCRIPT

EMA x5

A simple script involving exponential moving averages. It draws on 5 customizable lookback periods for the EMA and draws it on the chart. From backtesting, periods of confluence between all of the exponential moving averages lead to trades with an increased probability of working out. I have also taken the liberty and added the feature of including higher timeframe comparisons on the same chart. For example, you can choose to draw a 50-period 4-hour EMA on your 5-minute chart if you are an intraday trader. This might holistically help with your analysis by having the data on a single chart. This indicator also helps traders who are using the free or pro versions of TradingView and want to use 5 EMA's but TradingView's indicator count does not allow that many.

I have also made the script open source for anyone looking to reference code.
Exponential Moving Average (EMA)

Skrip open-source

Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart

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