Inspired by CryptoAman better know as ACEACEACE
TEMA1000 vs EMA800
What does it do?
Shows the TEMA1000 in relation to EMA800.
Shows the Coin in relation to EMA800
If you look at the value of the coins, you will notice that the coin magically moves closer to the EMA800.
That's why I created the indicator with the relation of the Coin to the EMA800 as a addon, so you can see how many bucks the Coin can go up or down when it is looking for the proximity to the EMA800.
If the TEMA1000 goes below EMA800 the signal is rather .
If the TEMA1000 breaks up through the EMA800 on larger time frames, this can often produce a DIP or start a run up.
Yelloline = Null Line
Greenline = Coinvalue smoothed with EMA1 in relation to EMA800 (Means if EMA800 = 10.000$ and CoinValue = 10.200$ the Greenline shows the Difference +200 $ over EMA800
Purpleline = TEMA1000 in Relation to EMA800 (TEMA1000 over EMA800 = , Under EMA800 = )
Filling Green if Coinvalue (EMA9) > EMA800 =
Filling Red if Coinvalue (ema9) < EMA800 = )
Purple Crossover Yello = Bullcross
Purple Crossunder Yello = Bearcross
Take care of your Trades....
The histogram increases in value -> This is generally a bullish signal
Place a long into a bullish signal (Green Lines)
Place a short into a bearish signal (Red Lines)
Going against the trend is a high risk.
It is now displayed when a trend has changed from the last value (green and red lines). Thus a trend reversal can be seen better.
Translated with http://www.DeepL.com/Translator (free version)