oscillatore EMA — Indicator by MarcoValente

Oscillator make from 4 ema, Columns give us the trend and signal line can be use to find divergenge or as buy/sell trigger. Colors changes to indicate the relation between price and Ema
Volability is calculate using deviation st.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Want to use this script on a chart?

//@version=2
// by Marco
study(title="oscillatore EMA",shorttitle="Osc Ema",overlay=false)
lunl=input(200,title="ciclo lungo")
mdl=input(100,title="ciclo medio")
lunc=input(50,title="ciclo corto")
med=input(20,title="ema20")
long = ema(close,lunl)
medi=ema(close,mdl)
short = ema(close, lunc)
mm=ema(close,med)
wc=ema(close,3)
wb=(wc-mm)
wm=(wc-short)
wml=(wc[1]-medi)
wl=(wc[2]-long)
sw=(2*wb+3*wm+2*wml+wl)/8
dsw=stdev(sw,5)
swd=sw+dsw
ps=sma(100*swd/wc,3)
pss=(ps+2*ps[1]+2*ps[2]+ps[3])/6
mcps=pss-sma(pss,6)
sps=(sma(mcps,3))/0.4
col= wb>0 and wm>0 and  wml > 0 and wl>0 ?  green :wb>0 and wm>0 and wml>0 ? lime: wb>0 and wm>0 ? silver : wb>=0? aqua:wb<0 and wm<0 and wml<0 and wl<0 ? red : wb<0 and wm<0 and wml< 0 ? fuchsia : wb<0 and wm<0 ? orange :  wb<0? yellow : na
lco=sps>=0? lime : red
plot(pss,linewidth=2,style=columns,transp=70,color=col)
plot(sps,linewidth=2,color=lco)
hline(0)