OPEN-SOURCE SCRIPT
9/20 EMA Trend Filter
Combine 9 and 20 EMA into one.
When it signals green, it's a bullish momentum / long bias. It's not an automatic buy signal, but can be combined with other technical analysis tools to give a more accurate signal.
When it signals red it's a bearish momentum / short bias.
Green zone = only look for long entries
Red zone = only look for short entries
No color = be careful / probably chop
When it signals green, it's a bullish momentum / long bias. It's not an automatic buy signal, but can be combined with other technical analysis tools to give a more accurate signal.
When it signals red it's a bearish momentum / short bias.
Green zone = only look for long entries
Red zone = only look for short entries
No color = be careful / probably chop
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.