EMA Trading Indicator

This indicator allows the user to easily interpret the information from multiple EMA’s in a singular line. The line plotted is the last EMA value selected by the user, default value set to 100. The indicator is meant to display a “safe” area for long positions represented by the line being “green”.

$150

Additional Information :

This indicator allows the user to easily interpret the information from multiple EMA’s in a singular line. The line plotted is the last EMA value selected by the user, default value set to 100. The indicator is meant to display a “safe” area for long positions represented by the line being “green”.

  • This indicator shows safe and unsafe areas for long positions
  • Green = Safe
  • Red = Not Safe
  • User inputs for EMA and color customization
  • Works on all cryptocurrency, stock, and forex pairs
  • Runs in REAL TIME on any time frame

“Unsafe” areas where an uptrend may be reversing are represented by “orange”. If you have an open long position while the line is orange, you may look to close the position. “Not safe” means you should not have a long position open and is indicated by “red”. All of these colors can be changed by the user.

 

VISUALS

  • Line is green = safe for long positions – EMA 1 length is above every other EMA value specified by the user
  • Line is orange = pay attention to open long positions and prepare for close, do not open new long positions – EMA 1 length is below EMA 2 length but EMA 1 and EMA 2 are still above EMA 3 and EMA 4
  • Line is red = close any open long positions, do not open new long positions – EMA 1 and/or EMA 2 has fallen below EMA 3 and EMA 4

 

INPUTS

  • EMA 1 Length – This input will change the value of EMA 1
  • EMA 2 Length – This input will change the value of EMA 2
  • EMA 3 Length – This input will change the value of EMA 3
  • EMA 4 Length – This input will change the value of EMA 4

 

STYLE

  • Plot – By checking this box you turn off/on the plotted line. The colors can be changed by the user.
  • Color 0 – The color used to indicate that EMA 1 is above all other EMAs.
  • Color 1 – The color used to indicate that EMA 1 is under EMA 2, but both EMA 1 and 2 are still above EMA 3 and EMA 4.
  • Color 2 – The color used to indicate that EMA 1 and EMA 2 has fallen below EMA 3 and EMA 4
  • Labels On Price Scale – By checking this box you can add or remove the labels from the price scale.
  • Values In The Status Line – By checking this box you can remove the values from the status line of the indicator.

 

VISIBILITY

  • Set the time frames you would like the strategy back tester to be visible on.