EMA TUNNEL — Indicator by OleeDee

boss_strat

This is the base for my strategy. Just look at it youll figure it out ;) if you have any question feel free to direct them to me

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

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Want to use this script on a chart?

study(title="EMA TUNNEL", shorttitle="EMA TUNNEL", overlay=true)

src = close 

len1 = input(12, minval=1, title="Length")
len2 = input(144, minval=1, title="Length")
len3 = input(169, minval=1, title="Length")

out1 = ema(src, len1)
out2 = ema(src, len2)
out3 = ema(src, len3)


bound_a = plot(out1, title="EMA", color=yellow, linewidth=2)
bound_b = plot(out2, title="EMA", color=green, linewidth=2)
bound_c = plot(out3, title="EMA", color=red, linewidth=2)


colorsense = out3<=out2 ? lime : red



plot(cross(out1, out2) ? out2 : na, title="GOTCHA", style=cross, color=colorsense, linewidth=3) 

// fill(bound_a, bound_b, color=yellow, transp=70) 

// BROKEN DONT ENABLE - TUNNEL FILL ->  fill(bound_b, bound_c, color=white, transp=75)