EMA SIMPLE

This indicator displays a configurable Exponential Moving Average (EMA) that helps identify trend direction and potential dynamic support/resistance zones.

The EMA gives more weight to recent prices, reacting faster to market changes compared to the Simple Moving Average (SMA). This makes it useful for:

Detecting short- and medium-term trends.

Filtering trades in the direction of the prevailing trend.

Pinpointing more precise entries and exits when compared to price action.

Features:

Configurable period (default: 50).

Customizable line color and thickness.

Adapts to any timeframe (scalping, intraday, swing).

How to use it:

Price above the EMA → bullish trend.

Price below the EMA → bearish trend.

Price crossing the EMA may signal potential reversals or pullbacks.