DB Crypto Multi-EMA Forecast Ribbon

DB Crypto Multi-EMA Forecast Ribbon

What does the indicator do?

The DB Crypto Multi-EMA Forecast indicator is explicitly designed for crypto and works on multiple timeframes. However, the weekly+ timeframe is recommended. The indicator is designed to show the essential crypto EMA plots, using the 15 EMA (by default) as the primary ribbon showing colored buy/sell signals. The indicator will show the plot's visual buy/sell signals to allow easy visualization of market trends, resistance, and support levels.

The indicator is designed to allow customizing the default EMA values, including the primary buy/sell EMA, which defaults to 15. The indicator also includes a modified version of yatrader2's "Triple MA Forecast" indicator to project future EMA direction.

How should this indicator be used?

The DB Crypto Multi-EMA Forecast indicator should be used for an easy visual reference of the current price concerning the essential crypto EMA plots. The EMA plots can easily be used on multiple timeframes to visualize resistance and support levels. The buy/sell color based on the 15 ema easily indicates market direction on high timeframes.

Does the indicator include any alerts?

Yes, however, they are very experimental and should not be used for real-time or production trading. The indicator repaints and is recommended to be used to visualize market trends and levels. The alerts are from forecasting, which repaints and should not only be used for bringing market changes to your attention, not robots.

Enjoy!