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Ranging EMA Spread

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An attempt at identifying ranging price behavior at EMA crossover points.

I noticed that when price consolidates that the spread between two EMAs at times will sort of fluctuate between a tight range before it breaks out.

Basically this just highlights the bars that are within a predefined EMA spread percentage range for X amount of bars.

Sometimes the crossovers just happen cleanly, but the above example sort of illustrates my idea.
Nota Keluaran
Added optional bar colors. They're off by default.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.