samuelhei

Projecting EMAs 2.0

I realise that was unnecessary EMAs (in version 1), so I removed they.

The green zone is the original EMAs and the blank and gray ones are projected EMAs. I'm using this to know good entry points and the exits for scalping.

(work well only for well defined trends).
Remove from Favorite Scripts Add to Favorite Scripts
study(title="Projecting EMAs", shorttitle="PEMA", overlay=true)


ema2 = ema(close, input(100,"EMA 1"))
ema1 = ema(close, input(200,"EMA 2"))

dif = ema2- ema1


pEma1 = ema2 + dif
pEma2 = ema2 + 2*dif

pEma3 = ema2 + 3*dif
pEma4 = ema2 + 4*dif

ple1 = plot(ema1, title="EMA 1", color=gray)
ple2 = plot(ema2, title="EMA 2", color=gray)

fill(ple1,ple2,color=green,transp=80)

plp1 = plot(pEma1, title="P Ema 1", color=gray)
plp2 = plot(pEma2, title="P Ema 2", color=gray)

plp3 = plot(pEma3, title="P Ema 3", color=gray)
plp4 = plot(pEma4, title="P Ema 4", color=gray)

fill(plp3,plp4,color=black,transp=70)
fill(plp2,plp3,color=black,transp=80)
fill(plp1,plp2,color=black,transp=90)
If you liked this, check out
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out