EMA Sunset Waves

16 авг.

This script displays a set of Exponential Moving Averages (EMAs) (20, 50, 100, and 200) with a clean and immersive design:

Lines automatically change color based on trend direction (uptrend or downtrend).

Dynamic fill zones highlight whether the price is trading above or below each EMA.

Full color customization (bullish/bearish lines, fill zones, transparency).

Adjustable line thickness for better chart readability.

🎨 The idea is to make trend reading visual, intuitive, and aesthetic at first glance.

⚙️ Configurable settings:

EMA lengths (default 20/50/100/200).

Colors for bullish and bearish EMAs.

Fill colors (above/below price).

Transparency and line thickness.

16 авг.

Информация о релизе

This indicator plots several key Exponential Moving Averages (EMAs) (20, 50, 100, and 200 periods) directly on the chart to help identify market trends.

✨ Features:

* Four customizable EMAs (20, 50, 100, 200 by default).
* Dynamic color changes based on slope (↗️ uptrend, ↘️ downtrend).
* Colored fills between EMAs to better visualize wave structures.
* Adjustable transparency settings for personalized display.

📊 Usefulness:

* Quickly detect the overall trend context (short, medium, and long term).
* Identify confluence zones between EMAs, which often act as dynamic support or resistance.
* Enhance visual interpretation of market momentum.

⚙️ Customization:

* Adjustable EMA lengths.
* Full control over color schemes to fit your trading style.

💡 Usage idea:
Combine this indicator with momentum tools (RSI, VWAP) to confirm trend signals and refine your entry/exit points.