Multiple Moving Average

31 thg 3, 2018

This EMA script has multiple EMA's in one - 4 at the key Fibonacci levels (8,13,21,55) and 2 additional at 100 & 200 period counts. I've found this script to be extremely helpful to determine when to open or close positions - mostly using the 55 EMA as they key indicator and watching for the other 3 Fib MA's to cross over the 55 as a signal of a market shift. The 100 & 200 give additional Support & Resistance indications. The FIB MA's (hard to see on above chart) work better at lower levels for day trading where as the larger 3 lines work at all intervals.