OPEN-SOURCE SCRIPT
Sweaty Palms 9/21 EMA
Sweaty Palms 9/21 EMA
A clean and efficient implementation of the widely-used 9 & 21 EMA combination. This indicator helps traders identify trend direction and potential support/resistance levels with easily distinguishable colors and clear labels.
Features:
• Customizable EMA lengths (default 9/21)
• Clear color coding: Green for faster EMA, Gold for slower EMA
• Dynamic labels that move with price
• Toggle visibility for each EMA
• Clean, uncluttered display
Key Use Cases:
• Trend Direction: When the faster EMA is above the slower EMA, it suggests an uptrend, and vice versa
• Dynamic Support/Resistance: These EMAs often act as support in uptrends and resistance in downtrends
• Momentum: The spacing between EMAs can indicate trend strength
• Trade Signals: Crossovers between EMAs can signal potential entry/exit points
Settings:
• First EMA Length: Default 9 (customizable)
• Second EMA Length: Default 21 (customizable)
• Show/Hide options for each EMA
Note: This indicator is designed for clarity and ease of use, making it suitable for both beginners and experienced traders. The default settings of 9/21 are popular among day traders, but can be adjusted to suit any trading style or timeframe.
Created by SweatyPalmsAlgo
A clean and efficient implementation of the widely-used 9 & 21 EMA combination. This indicator helps traders identify trend direction and potential support/resistance levels with easily distinguishable colors and clear labels.
Features:
• Customizable EMA lengths (default 9/21)
• Clear color coding: Green for faster EMA, Gold for slower EMA
• Dynamic labels that move with price
• Toggle visibility for each EMA
• Clean, uncluttered display
Key Use Cases:
• Trend Direction: When the faster EMA is above the slower EMA, it suggests an uptrend, and vice versa
• Dynamic Support/Resistance: These EMAs often act as support in uptrends and resistance in downtrends
• Momentum: The spacing between EMAs can indicate trend strength
• Trade Signals: Crossovers between EMAs can signal potential entry/exit points
Settings:
• First EMA Length: Default 9 (customizable)
• Second EMA Length: Default 21 (customizable)
• Show/Hide options for each EMA
Note: This indicator is designed for clarity and ease of use, making it suitable for both beginners and experienced traders. The default settings of 9/21 are popular among day traders, but can be adjusted to suit any trading style or timeframe.
Created by SweatyPalmsAlgo
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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