Multi EMA (5, 10, 20, 60, 120)

Custom Multi-EMA Ribbon (5, 10, 20, 60, 120) - High Visibility

Description:
This script is a powerful, all-in-one trend analysis tool that plots 5 Exponential Moving Averages (EMA) on a single indicator. It is designed to help traders identify trend crossovers, dynamic support/resistance, and market momentum without wasting multiple indicator slots.

Key Features of This Version:

Strategic Periods: Defaulted to 5, 10, 20, 60, and 120.

Focused 10 EMA: The 10-period EMA is highlighted in Red with a thicker line for better visibility of the immediate trend.

Toggle Control: Each line can be independently turned on or off via the settings.

Optimized Performance: Written in Pine Script v6 for maximum efficiency and compatibility.

Color Guide:

⚪ White (5 EMA): Ultra-short-term momentum.

🔴 Red (10 EMA): Core short-term trend (Highlighted).

🟡 Yellow (20 EMA): Standard swing trading baseline.

🔵 Blue (60 EMA): Mid-term trend/Supply & Demand zone.

🟣 Purple (120 EMA): Long-term institutional trend.

How to Use: Look for the interaction between the Red (10 EMA) and the longer-term lines (Blue & Purple) to identify potential trend reversals or continuation signals.