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
Скрипт с открытым кодом
В истинном духе TradingView автор этого скрипта опубликовал его с открытым исходным кодом, чтобы трейдеры могли понять, как он работает, и проверить на практике. Вы можете воспользоваться им бесплатно, но повторное использование этого кода в публикации регулируется Правилами поведения. Вы можете добавить этот скрипт в избранное и использовать его на графике.
Хотите использовать этот скрипт на графике?
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.