EMA Ribbon with Source Selection

The EMA Ribbon with Source Selection is a versatile trend-following indicator that plots three customizable Exponential Moving Averages (EMAs) directly on the price chart. Each EMA can be configured with a unique input source (e.g., close, open, high, low) and length, allowing traders to tailor the ribbon to their strategy or asset.

How It Works:

• The indicator draws three EMAs (default lengths: 8, 20, and 50) to represent short-, medium-, and long-term trends.
  
• Each EMA line is dynamically color-coded based on its recent slope, making it easy to spot changes in momentum:
  Green/Blue shades indicate upward movement.
  Red/Black shades signal downward movement.
  

Use Cases:

• Identify trend direction across multiple timeframes.
  
• Spot trend reversals or confirm entries and exits.
  
• Customize the source for each EMA to match your trading style or preferred signals.
  

Ideal For:
Swing traders, trend followers, and anyone looking to enhance chart clarity with a clean and responsive EMA ribbon.