OPEN-SOURCE SCRIPT
Updated Daily EMA 50
Daily EMA 50 Indicator
This indicator displays the 50-period Exponential Moving Average based on daily closing prices. It uses security() function to fetch daily data, making it consistent across all timeframes.
The EMA is plotted in orange and helps identify the overall daily trend direction. It's particularly useful for:
- Confirming long-term trend bias
- Identifying potential support/resistance levels
- Filtering trade directions on lower timeframes
Features:
- Works on any chart timeframe
- Updates automatically with daily data
- Clean visual representation with orange line
This indicator displays the 50-period Exponential Moving Average based on daily closing prices. It uses security() function to fetch daily data, making it consistent across all timeframes.
The EMA is plotted in orange and helps identify the overall daily trend direction. It's particularly useful for:
- Confirming long-term trend bias
- Identifying potential support/resistance levels
- Filtering trade directions on lower timeframes
Features:
- Works on any chart timeframe
- Updates automatically with daily data
- Clean visual representation with orange line
Release Notes
Daily EMA 50 IndicatorThis indicator displays the 50-period Exponential Moving Average based on daily closing prices. It uses security() function to fetch daily data, making it consistent across all timeframes.
The EMA is plotted in orange and helps identify the overall daily trend direction. It's particularly useful for:
- Confirming long-term trend bias
- Identifying potential support/resistance levels
- Filtering trade directions on lower timeframes
Features:
- Works on any chart timeframe
- Updates automatically with daily data
- Clean visual representation with orange line
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.