Simple indicator that allows up to 5 moving averages in one chart while only taking up a single indicator slot. It's possible to turn each moving average on/off in the 'style' section of the indicator settings, and toggle between simple moving average (SMA) and exponential moving average (EMA).
After testing thousands of indicators over the years, this simple EMA cloud indicator that I built is still my main weapon. It's always the first one I add to a blank charts and that is not going to change anytime soon.
I find EMAs and MAs are such underrated tools, By observing the price action surrounding these, I can see straight away if it's a good time to...
For those who want to use multiple EMA's in a single indicator.
You can also change ema by just editing in pine editor.
open pine editor and then just alter => "short = ema(close, 5)" to "short = ema(close, 6)"
By doing this your short ema will be changed at your desire.
Just like this you can increase more ema in your script.
For any help you...