The script shows change in a single EMA over a specified period as a histogram. The period of EMA as well as Change period can be specified. Moreover, it also shows change in direction of EMA. The change can be negative for a downward trend and positive for an upward trend.
Thanks to the creator because found an excellent indicator for EMA slope measurement after long searching on the EMA slop angle indicator. Backtested and give some clues on change during the market and next days market open strategy.
ForexGold11
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Love the script :) Brilliant idea too by incorporating EMA into histogram form, I can track much easier :)
Backtested and give some clues on change during the market and next days market open strategy.