Distance from EMA Levels — Indicator by mrbongiolo

ema levels

Display up to 4 distance from EMA levels, by default it's based on the 5m timeframe.

Release Notes:

Allow configuration of each individual level, by default Levels 1 and 2 will use the EMA based on the HIGH value and Levels 3 and 4 will use the EMA based on the LOW value.

Release Notes:

Rollback to release v79, as using an individual EMA calculation for each level is not required.

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.

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