SGM Gold Day Trading EMAs

What it does
This tool plots four Exponential Moving Averages (EMAs) with practical default periods for gold intraday analysis: 9 (Momentum), 21 (Pullback), 50 (Trend Filter), and 200 (Macro). The goal is to provide a clear, multi-horizon structure so traders can quickly assess momentum, pullbacks, intermediate trend, and long-term bias on the same chart.

How it works (method)

Each line is a standard EMA computed on the close price.

The defaults map to common roles:

EMA 9 – Momentum: immediate changes in short-term flow.
EMA 21 – Pullback: typical retracement area within ongoing trends.
EMA 50 – Trend Filter: medium-term confirmation of direction.
EMA 200 – Macro: long-term bias and market context.

Optional dynamic color for EMA9/EMA21 highlights whether EMA9 ≥ EMA21 (green) or not (red). This is a visual aid only; it does not generate signals.

Originality & usefulness
The script focuses on clarity and control rather than automation. It combines a neutral, high-contrast palette with independent line thickness per EMA and an optional visual crossover mode. The configuration encourages disciplined analysis across time horizons without embedding opaque entry/exit logic.

Inputs & customization:

Periods: 9, 21, 50, 200 (all adjustable).

Colors: fully customizable for each EMA; optional crossover color mode for 9/21.

Line thickness: set individually per EMA to emphasize your primary reference.

How to use:

Add the script on any timeframe/asset (gold defaults are provided but not required).
Use EMA 200 for long-term bias; trade with caution against it.
Use EMA 50 to filter intermediate trend; prefer setups aligned with it.
Watch EMA 21 as a pullback reference within trends.
Use EMA 9 to gauge momentum around pullbacks/breakouts.
(Optional) Enable the crossover color to quickly see when momentum (9) is above/below pullback (21).

Notes & limitations:

This script does not produce buy/sell signals or alerts.
It is intended as a visual framework to support analysis and risk management.
Always validate with your own rules, risk controls, and market conditions.