Very simple and effective S/R band. Created bycombining the weekly 21EMA and weekly 20SMA, it provides strong support/resistance depending on market direction, and works as a basing area for retraces during parabolic (and normal) bull markets.
Plots OBV over 20 days MA and keeps OBV count in Millions
study(title="EMA 5/10/20/50/100/200", overlay=true) ema5 = ema(close, 5) ema10 = ema(close, 10) ema20 = ema(close, 20) ema50 = ema(close, 50) ema100 = ema(close, 100) ema200 = ema(close, 200) plot(ema5, color = #FF3333) //red plot(ema10, color = #F9F506) //yellow plot(ema20, color = #50F906) //greeen plot(ema50, color = #06F9E3) //light blue plot(ema100, color...
explanation moving average 20,50,100,200 ALL IN ONE CHART PLEASE CHECK
A combined version of Bollinger Band and Customized 5 EMA and VEAP
This is a my script for a super simple trading strategy - ZEST. Identify Zone of Value, Enter on pullback, place proper Stop Loss and set achievable Targets. So, to identify Zone of Value, I have EMA in my script. 20EMA generally acts as a dynamic Support/Resistance zone. For Buy Stop Loss, we have 1ATR below Swing Low. Then, we have SuperTrend for Trailing Stop Loss.
Turns green when close price is x days above moving average. Turns red when close price drops below moving average.
Implementation from the highly recommended course "Pinescript Indicator Development" on Udemy www.udemy.com This indicator is mostly to show some techniques in Pinescript rather than be useful for trading, however it does nicely identify trend and chop zones (sideways) on the 1-hour or 4-hour chart. What it does: - Has three EMAs at varying length and plots...