OPEN-SOURCE SCRIPT
EMA Rainbow
Based on Ripsters EMA clouds, this :
adds an 6 section EMA rainbow to act as DYNAMIC support and resistance levels, that you never have to set manually
splits the 5-12 cloud into 2 parts, as opposed to using a 8-9 centerline. More visually pleasing and intuitive to use
When 300 cloud and 25 cloud are both bullish or bearish - look to take positions in that direction
Use 5 cloud to find pullbacks for entry points
When cloud is moving away (diverging) from other clouds - momentum is increasing
When cloud is increasing in diameter (expanding) - momentum is increasing
When cloud is moving towards other clouds (converging) - momentum is increasing
When cloud is decreasing in diameter (contracting) - momentum is increasing
adds an 6 section EMA rainbow to act as DYNAMIC support and resistance levels, that you never have to set manually
splits the 5-12 cloud into 2 parts, as opposed to using a 8-9 centerline. More visually pleasing and intuitive to use
When 300 cloud and 25 cloud are both bullish or bearish - look to take positions in that direction
Use 5 cloud to find pullbacks for entry points
When cloud is moving away (diverging) from other clouds - momentum is increasing
When cloud is increasing in diameter (expanding) - momentum is increasing
When cloud is moving towards other clouds (converging) - momentum is increasing
When cloud is decreasing in diameter (contracting) - momentum is increasing
Skrip sumber terbuka
Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.
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Penafian
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