EMA Noodle Fan by Kviateq
Just a very simple EMA fan using Highs and Lows instead of closes. This results in these "EMA noodles". Price very rarely reacts rigidly to a close price of an EMA, sometimes it comes short, other times it overshoots it. Hence the idea behind the noodles.
You can obviously change the lengths of each of the noodle, I chose these lengths for a M5 timeframe and these represent your typical 50, 100 and 200 EMAs on higher timeframes.
You can obviously change the lengths of each of the noodle, I chose these lengths for a M5 timeframe and these represent your typical 50, 100 and 200 EMAs on higher timeframes.