OPEN-SOURCE SCRIPT
Updated EMA Cloud + EMA + SMMA Trading Tool Set
Indicator name and representing SS updated.
Now it's possible to set alarm in any given indicator separately.
Remember that if the EMA cloud has red color - that's a long setup
And in case the cloud is green - it's a short setup.
Take in the EMA 50 break manipulations account before you consider your position.
This indicator requires adequate momentum in the corresponding trading pair as like all the others.
Now it's possible to set alarm in any given indicator separately.
Remember that if the EMA cloud has red color - that's a long setup
And in case the cloud is green - it's a short setup.
Take in the EMA 50 break manipulations account before you consider your position.
This indicator requires adequate momentum in the corresponding trading pair as like all the others.
Release Notes
Added 2 more MAs can be choosen as your preference. you may triy to add EMA14 for example for early entries before its already on EMA50
and you may add EMA 100 as a mid resistance level before EMA cloud.
These can be choosen as SMA or VWMA as your preference as well.
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.