Michael's EMA — Indicator by topgwashere777

ema

This indicator uses Michael's EMA breakout strategy to help you spot trends. It focuses on the EMA 12 and 21 crosses, when the lines cross they change color from green to red or red to green. This color switch makes it super simple to know which way the trend is going. Once you figure out the trend direction, you can use this info to find trades using Michael's breakout strategy.

Release Notes:

Added the mult-timeframe functionality as per fellfyet's request.

Long live TRW/TWR and the Tate brothers!

Happy new year everyone! Wish you lots of successful and profitable trades!

Release Notes:

I removed the default 4h timeframe setting, now the default setting is that the indicator matches the timeframe the chart is set to.
GM

Release Notes:

GM GM GM

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.

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.

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