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Multiple EMAs 8,21,55,144,200

8 EMA:

Description: The 8 EMA is a short-term moving average that reacts quickly to price changes. It is often used by day traders to capture immediate trends.

Significance: This EMA helps traders identify quick buy or sell signals. It is particularly effective in fast-moving markets, making it suitable for short-term strategies.

Usage: Traders may look for crossovers with longer EMAs (like the 21 EMA) to signal potential buy or sell opportunities

21 EMA:

Description: The 21 EMA serves as a bridge between short-term and medium-term trading strategies. It smooths out price fluctuations while still being responsive to market changes.

Significance: This EMA is frequently used in conjunction with the 8 EMA to confirm trends. The 21 EMA provides a clearer picture of the overall market direction.

Usage: Crossovers with the 8 EMA can indicate stronger signals, and traders often monitor price action relative to the 21 EMA for trend confirmation .

55 EMA:

Description: The 55 EMA is considered a medium-term moving average that helps traders identify broader trends. It reacts slower than the 8 and 21 EMAs, filtering out some market noise.

Significance: This EMA is essential for traders looking to capture trends over a more extended period. It can serve as dynamic support or resistance levels.

Usage: Traders may use the 55 EMA in conjunction with the 21 EMA to create a more robust trading strategy, utilizing it to confirm trends identified by shorter EMAs .

144 EMA:

Description: The 144 EMA is a longer-term moving average, providing insights into longer market trends. It is often used by swing traders and position traders.

Significance: This EMA helps traders filter out noise and focus on more substantial price movements, acting as a potential support or resistance level.

Usage: Traders often look for price action around the 144 EMA to confirm longer-term trend reversals or continuations

200 EMA:

Description: The 200 EMA is one of the most widely used moving averages in technical analysis. It provides a long-term view of market trends and is a crucial indicator for many traders.

Significance: This EMA is considered a key level for identifying the overall market trend. When the price is above the 200 EMA, it suggests a bullish trend, while a price below indicates a bearish trend.

Usage: Traders often look for price reversals or significant price action around the 200 EMA, using it to set stop-loss orders and identify potential entry points .
Bands and Channels

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