OPEN-SOURCE SCRIPT

EMA SIMPLE

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This indicator displays a configurable Exponential Moving Average (EMA) that helps identify trend direction and potential dynamic support/resistance zones.

The EMA gives more weight to recent prices, reacting faster to market changes compared to the Simple Moving Average (SMA). This makes it useful for:

Detecting short- and medium-term trends.

Filtering trades in the direction of the prevailing trend.

Pinpointing more precise entries and exits when compared to price action.

Features:

Configurable period (default: 50).

Customizable line color and thickness.

Adapts to any timeframe (scalping, intraday, swing).

How to use it:

Price above the EMA → bullish trend.

Price below the EMA → bearish trend.

Price crossing the EMA may signal potential reversals or pullbacks.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.