greenmask9

Table: EMA Surveillance

This script will show information of interest about Moving Averages from the selected timeframe.

The idea is to provide data from higher timeframes (Daily preferably).

The information provided includes:
• selected length and calculation
• a relative position of the close to the average (above, below, and how much)
• how many periods passed since the moving average has been tested - any break counts as a test, it doesn't have to close on the opposite side


Global Settings:
• Timeframe of the moving averages
• Choose to see simple words such as "Above" / "Below" OR the specific percentage OR how much percentage % it moved from the moving average?
EMA or SMA

Moving Average Settings:
• Up to 6 different lengths
• You can deactivate the averages you don't need

I hope it will be useful. Good luck!
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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Comments

Not able to understand.. How to use..
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greenmask9 bhavasarhemang
@bhavasarhemang, Lots of traders use averages to determine a trend. Daily MAs are most suitable for the task.
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