OPEN-SOURCE SCRIPT
Multiple EMA
An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average (SMA), which applies an equal weight to all observations in the period.
Here, i have merged multiple EMA into one indicator. traders would find it very convenient as multiple widely used EMA`s are merged into 1 indicator. one can also change the time and color from its settings as per their convenience.
About the practicality of this EMA`s:
Every EMA suggests the sentiments in a period of time.
The longer-day EMAs (i.e. 50 and 200-day) tend to be used more by long-term investors, while short-term investors tend to use 8 and 20 day EMAs.
One may prefer to short or to hedge their position when 200 day moving average is broken downside. vise-versa for long. Normally in one may expect around 2-3% move on either side when broken with volumes supporting it.
Here, i have merged multiple EMA into one indicator. traders would find it very convenient as multiple widely used EMA`s are merged into 1 indicator. one can also change the time and color from its settings as per their convenience.
About the practicality of this EMA`s:
Every EMA suggests the sentiments in a period of time.
The longer-day EMAs (i.e. 50 and 200-day) tend to be used more by long-term investors, while short-term investors tend to use 8 and 20 day EMAs.
One may prefer to short or to hedge their position when 200 day moving average is broken downside. vise-versa for long. Normally in one may expect around 2-3% move on either side when broken with volumes supporting it.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
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