ridvansozen1

4 EMA TREND INDICATOR

İf GREEN > YELLOW > RED > BLACK

UPWARD TREND


If BLACK > RED > YELLOW > GREEN

DOWNWARD TREND



In upward trend , if green(fastest ema ) crossunder YELLOW or RED or both of them , you can close the position . Dont wait the Downward Trend.



Lengths of EMAs are based on Fibonacci numbers ( 8,13,21,34) , if you want, you can change it based on your strategy.
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.

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