OPEN-SOURCE SCRIPT
Low Volatility EMA extension

Key Features:
How to Use:
Green zones (10%) indicate mild extension
Orange zones (15%) indicate moderate extension
Red zones (20%) indicate extreme extension - potential reversal areas
Yellow "Entry" arrows mark bullish crossovers with confirmed momentum above the 34 EMA
Yellow "Exit" arrows mark bearish crossovers with confirmed momentum below the 34 EMA
Best For:
Lower volatility stocks trading on daily timeframes.
Settings:
Fully customizable extension percentages and EMA lengths to adapt to different asset volatility profiles.
- 8 EMA (yellow) and 34 EMA (white) for trend identification
- Three dynamic extension bands at 10%, 15%, and 20% above and below the 34 EMA
- Color-coded zones with shaded fills to visualize volatility
- Entry signals appear above bars when price crosses up with momentum confirmation
- Exit signals appear below bars when price crosses down with momentum confirmation
- Prevents duplicate signals through smart logic that requires 2 consecutive confirming candles
How to Use:
Green zones (10%) indicate mild extension
Orange zones (15%) indicate moderate extension
Red zones (20%) indicate extreme extension - potential reversal areas
Yellow "Entry" arrows mark bullish crossovers with confirmed momentum above the 34 EMA
Yellow "Exit" arrows mark bearish crossovers with confirmed momentum below the 34 EMA
Best For:
Lower volatility stocks trading on daily timeframes.
Settings:
Fully customizable extension percentages and EMA lengths to adapt to different asset volatility profiles.
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.