OPEN-SOURCE SCRIPT
Moving Average Exponential
Triple EMA Ribbon Indicator (Short, Medium, Long-Term)
This indicator is a classic Exponential Moving Average (EMA) ribbon designed for TradingView, fully upgraded to Pine Script v6. It plots three distinct EMAs on the chart simultaneously, helping traders quickly identify market trends, dynamic support/resistance levels, and potential entry or exit signals across different time horizons.
Key Features
Three-Tier Trend Analysis: The indicator combines three EMAs with default lengths of 21 (Short-term), 55 (Medium-term), and 144 (Long-term). This combination is widely used by professional traders to filter out market noise and capture the core trend.
Fully Customizable: Users can easily adjust the length, data source (e.g., close, open, high, low), and offset for each of the three EMAs directly from the indicator settings panel, without needing to modify the code.
Visual Clarity: The EMAs are color-coded for instant recognition:
Red Line (EMA 21): Represents the short-term momentum.
Blue Line (EMA 55): Represents the medium-term trend.
White Line (EMA 144): Represents the long-term macro trend.
Pine Script v6 Optimized: The code has been modernized to utilize the latest Pine Script v6 namespaces (such as ta.ema and input.int), ensuring maximum performance, stability, and future compatibility on the TradingView platform.
How to Use
Trend Identification: When the short-term EMA (Red) is above the medium-term (Blue) and long-term (White) EMAs, it indicates a strong bullish trend. Conversely, when the short-term EMA is at the bottom, it signals a bearish trend.
Crossovers: Watch for the EMA 21 crossing above the EMA 55 or EMA 144 as a potential buy signal (Golden Cross). A cross below can be interpreted as a sell signal (Death Cross).
Dynamic Support/Resistance: In a trending market, the EMA 55 and EMA 144 often act as strong dynamic support (in an uptrend) or resistance (in a downtrend) zones where price pullbacks might bounce.
This tool is perfect for trend-following strategies and can be applied to any asset class, including Crypto, Forex, and Stocks, across any timeframe.
This indicator is a classic Exponential Moving Average (EMA) ribbon designed for TradingView, fully upgraded to Pine Script v6. It plots three distinct EMAs on the chart simultaneously, helping traders quickly identify market trends, dynamic support/resistance levels, and potential entry or exit signals across different time horizons.
Key Features
Three-Tier Trend Analysis: The indicator combines three EMAs with default lengths of 21 (Short-term), 55 (Medium-term), and 144 (Long-term). This combination is widely used by professional traders to filter out market noise and capture the core trend.
Fully Customizable: Users can easily adjust the length, data source (e.g., close, open, high, low), and offset for each of the three EMAs directly from the indicator settings panel, without needing to modify the code.
Visual Clarity: The EMAs are color-coded for instant recognition:
Red Line (EMA 21): Represents the short-term momentum.
Blue Line (EMA 55): Represents the medium-term trend.
White Line (EMA 144): Represents the long-term macro trend.
Pine Script v6 Optimized: The code has been modernized to utilize the latest Pine Script v6 namespaces (such as ta.ema and input.int), ensuring maximum performance, stability, and future compatibility on the TradingView platform.
How to Use
Trend Identification: When the short-term EMA (Red) is above the medium-term (Blue) and long-term (White) EMAs, it indicates a strong bullish trend. Conversely, when the short-term EMA is at the bottom, it signals a bearish trend.
Crossovers: Watch for the EMA 21 crossing above the EMA 55 or EMA 144 as a potential buy signal (Golden Cross). A cross below can be interpreted as a sell signal (Death Cross).
Dynamic Support/Resistance: In a trending market, the EMA 55 and EMA 144 often act as strong dynamic support (in an uptrend) or resistance (in a downtrend) zones where price pullbacks might bounce.
This tool is perfect for trend-following strategies and can be applied to any asset class, including Crypto, Forex, and Stocks, across any timeframe.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.