OPEN-SOURCE SCRIPT
DrNon EMA5/15/89/200 with Last Low
DrNon EMA5/15/89/200 with Last Low Indicator
This TradingView script is designed for traders who use Exponential Moving Averages (EMAs) to analyze market trends and key support/resistance levels. It plots four essential EMAs:
• EMA 5 (Green): Short-term trend
• EMA 15 (Yellow): Medium-short trend
• EMA 89 (Blue): Medium-long trend
• EMA 200 (Red): Long-term trend
These EMAs help identify potential trend reversals, crossovers, and dynamic support/resistance zones in different timeframes.
Last Low Feature
This script also includes a Last Low indicator, which dynamically tracks the lowest price over a user-defined period (default: 10 bars). Instead of a solid line, it uses a dashed purple line for improved visibility.
This feature is useful for:
✔ Identifying recent support levels
✔ Spotting potential breakdowns or bounce points
✔ Confirming trade entry/exit strategies
Customization
🔹 Adjust the Last Low period via an input field
🔹 Modify EMA colors for better chart clarity
🔹 Enhance alerts by integrating notifications
This tool is ideal for scalpers, swing traders, and long-term investors who rely on EMAs for trend-following strategies.
This TradingView script is designed for traders who use Exponential Moving Averages (EMAs) to analyze market trends and key support/resistance levels. It plots four essential EMAs:
• EMA 5 (Green): Short-term trend
• EMA 15 (Yellow): Medium-short trend
• EMA 89 (Blue): Medium-long trend
• EMA 200 (Red): Long-term trend
These EMAs help identify potential trend reversals, crossovers, and dynamic support/resistance zones in different timeframes.
Last Low Feature
This script also includes a Last Low indicator, which dynamically tracks the lowest price over a user-defined period (default: 10 bars). Instead of a solid line, it uses a dashed purple line for improved visibility.
This feature is useful for:
✔ Identifying recent support levels
✔ Spotting potential breakdowns or bounce points
✔ Confirming trade entry/exit strategies
Customization
🔹 Adjust the Last Low period via an input field
🔹 Modify EMA colors for better chart clarity
🔹 Enhance alerts by integrating notifications
This tool is ideal for scalpers, swing traders, and long-term investors who rely on EMAs for trend-following strategies.
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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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.