OPEN-SOURCE SCRIPT

Nicha_EMA_Line

115
Moving Average Pack (Trend Identification)
The first part of the script calculates and plots 7 different moving averages on your chart. These are commonly used to determine trend direction, dynamic support/resistance, and momentum:

EMA 9, 14, 20, 50, 100, 200: These are standard Exponential Moving Averages. The script colors the short-term averages (9, 20, 50) and the long-term trend indicator (200) all in green, while EMA 14 is yellow and EMA 100 is blue.

LWMA 720 (White): This is a Linear Weighted Moving Average with a very long period (720). Instead of just using the closing price, it uses a custom Weighted Close formula (high + low + close + close) / 4 to give extra importance to the closing price while factoring in the day's high and low.

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