EMA Sunset Waves

16 Ogo

This script displays a set of Exponential Moving Averages (EMAs) (20, 50, 100, and 200) with a clean and immersive design:

Lines automatically change color based on trend direction (uptrend or downtrend).

Dynamic fill zones highlight whether the price is trading above or below each EMA.

Full color customization (bullish/bearish lines, fill zones, transparency).

Adjustable line thickness for better chart readability.

🎨 The idea is to make trend reading visual, intuitive, and aesthetic at first glance.

⚙️ Configurable settings:

EMA lengths (default 20/50/100/200).

Colors for bullish and bearish EMAs.

Fill colors (above/below price).

Transparency and line thickness.

16 Ogo

Nota Keluaran

This indicator plots several key Exponential Moving Averages (EMAs) (20, 50, 100, and 200 periods) directly on the chart to help identify market trends.

✨ Features:

* Four customizable EMAs (20, 50, 100, 200 by default).
* Dynamic color changes based on slope (↗️ uptrend, ↘️ downtrend).
* Colored fills between EMAs to better visualize wave structures.
* Adjustable transparency settings for personalized display.

📊 Usefulness:

* Quickly detect the overall trend context (short, medium, and long term).
* Identify confluence zones between EMAs, which often act as dynamic support or resistance.
* Enhance visual interpretation of market momentum.

⚙️ Customization:

* Adjustable EMA lengths.
* Full control over color schemes to fit your trading style.

💡 Usage idea:
Combine this indicator with momentum tools (RSI, VWAP) to confirm trend signals and refine your entry/exit points.