EMA Scenery

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Personal experiment using simple ema calculation to create a scenery of "mountains".

1. First mountain ( darker opacity ) = ema5 - ema20
2. Second mountain ( medium opacity ) = ema20 - ema50
3. Third mountain ( light opacity ) = ema50 - sma200

There's no buy or sell signal from this indi . But we can see the overall trend reflects by the mountain highs and lows which can be used as a guide to see the big pictures of how the stocks move.
This is my 1st stage and I plan to improve it in the next stage.

Examples of how the indicator look is as below :
Downtrend Chart

Uptrend Chart

Uptrend Trend change to Down Trend
Catatan Pelepasan: Added Golden Cross (GC) Signal :
- GC act as a positive sign that counter will be moving higher.
- represented by the green circle
- new Table Info when GC happens

There are 4 GC included :
GC1 = crossover ema5 and ema10
GC2 = crossover ema10 and ema20
GC3 = crossover ema20 and ema50
GC4 = crossover ema50 and sma200
Skrip dilindungi
Skrip ini diterbitkan secara sumber tertutup dan anda boleh menggunakannya dengan bebas. Anda boleh menyukainya untuk menggunakannya pada carta. Anda tidak dapat melihat atau mengubah kod sumbernya.
Ingin menggunakan skrip ini pada carta?