OPEN-SOURCE SCRIPT
Degain Mid Points + EMA Dashboard
This indicator provides a multi-timeframe market structure view by combining key midpoints and exponential moving averages (EMAs) into a single dashboard.
It calculates important high–low midpoints across multiple periods (1D, 3D, 7D, 20D, 50D, 100D, and 200D) and aligns them with corresponding EMA levels. This helps traders quickly identify trend direction, dynamic support/resistance, and price positioning.
Watch for:
EMA 20 + 50 crossover near midpoint → strong trend continuation
Price rejecting 200D midpoint → major reversal zone
It calculates important high–low midpoints across multiple periods (1D, 3D, 7D, 20D, 50D, 100D, and 200D) and aligns them with corresponding EMA levels. This helps traders quickly identify trend direction, dynamic support/resistance, and price positioning.
Watch for:
EMA 20 + 50 crossover near midpoint → strong trend continuation
Price rejecting 200D midpoint → major reversal zone
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.