EMA ATR Extension
Helps in identifying the exhaustion of current trend on either side of scale + or -
0 - 1 -> Normal Trend
1 - 1.5 -> Watch Zone
1.5 - 2 -> Stretched
> 2 -> Potential exhaustion - reversal / consolidation but wait for price action confirmation
> 3 -> Rare, often associated with climactic moves
0 - 1 -> Normal Trend
1 - 1.5 -> Watch Zone
1.5 - 2 -> Stretched
> 2 -> Potential exhaustion - reversal / consolidation but wait for price action confirmation
> 3 -> Rare, often associated with climactic moves
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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.
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.