EMA Table with Close % Diff (Light Mode)

kemarin

Simple 5 EMA with a Table

This indicator is designed for traders who use Exponential Moving Averages (EMAs) as part of their analysis. It provides a compact and visually clear table displaying key EMAs and their percentage differences from the current closing price. The indicator is optimized for light mode charts, with light gray and white backgrounds for better visibility.

Key Features:
1. Customizable EMAs:
• Displays predefined EMAs: 5, 10, 13, 21, 55, and 200.
• EMAs are plotted on the chart for easy trend visualization.
2. Percentage Difference Calculation:
• Shows the percentage difference between the close price and each EMA.
• Helps traders quickly assess whether the price is above or below the EMA and by how much.
3. Compact Table:
• The table is positioned in the bottom-right corner of the chart.
• Displays EMA names and percentage differences, color-coded for clarity:
• Green: Positive percentage difference (price above EMA).
• Red: Negative percentage difference (price below EMA).
4. Optimized for Light Mode:
• Light gray and white backgrounds for better visibility on light-themed charts.
• Black text ensures readability.
5. Minimal Design:
• Focuses on essential information without extra headers or labels.

Use Cases:
• Trend Analysis:
• Use the EMAs to identify short-term and long-term trends.
• The percentage difference highlights how far the price is from each EMA.
• Entry and Exit Points:
• Monitor the percentage differences to find potential entry/exit points based on the price’s proximity to key EMAs.
• Confluence:
• Combine this indicator with other tools to confirm price trends and levels.