Ranging EMA Spread
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.
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.
Versionshinweise:
Added optional bar colors. They're off by default.