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krislukacs

EMA Close Distance

krislukacs  
Moving Averages multitimeframe Trend Analysis
23
0
movingaverage multitimeframe trendanalysis
This script show you the distance between the close price, and EMA in the histogram.

Red histogram: close price is under the EMA.
Green histogram: close price is above the EMA.

Default EMA value: 20.
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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