Jesse.Lau

[JL] EMA Trading Zone

I want to make a script to help catch pullback on a strong trend.
This script display colors based on EMAs' slope.
The trading zone is calculated from EMA short + - ATR
if 2 EMA lines' slope both are more than an angle, then the trading zone is green color, it can be considered to place long orders.
if 2 EMA lines' slope both are less than a negative angle, then the trading zone is red color, it can be considered to place short orders.
Otherwise the zone is blue color.

遁一子交易入道 jesselau.com/
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.

Want to use this script on a chart?