OPEN-SOURCE SCRIPT
EMA kruOat
EMA 14/100/200 + LWMA 720 HLCC/4
This indicator displays key moving averages on the price chart to help identify market trends and important price zones.
It includes:
- EMA 14 for short-term trend analysis
- LWMA 720 calculated from HLCC/4 for the main weighted trend
- EMA 100 for medium-term trend analysis
- EMA 200 for long-term trend analysis
The LWMA 720 uses Weighted Close, also known as HLCC/4, calculated as:
(High + Low + Close + Close) / 4
This helps give more weight to the closing price while smoothing the overall trend with a Linear Weighted Moving Average.
Suitable for analyzing trend direction, support and resistance zones, potential reversal areas, and trade planning across multiple timeframes.
This indicator displays key moving averages on the price chart to help identify market trends and important price zones.
It includes:
- EMA 14 for short-term trend analysis
- LWMA 720 calculated from HLCC/4 for the main weighted trend
- EMA 100 for medium-term trend analysis
- EMA 200 for long-term trend analysis
The LWMA 720 uses Weighted Close, also known as HLCC/4, calculated as:
(High + Low + Close + Close) / 4
This helps give more weight to the closing price while smoothing the overall trend with a Linear Weighted Moving Average.
Suitable for analyzing trend direction, support and resistance zones, potential reversal areas, and trade planning across multiple timeframes.
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.