20-50-200 EMA Daily

שלשום

Daily EMAs:

EMA 20: A short-term moving average often used to identify recent price trends.
EMA 50: A medium-term moving average that helps confirm trend direction.
EMA 200: A long-term moving average commonly used to identify major trends.
Customizable Visuals:

EMA 20 is plotted in red.
EMA 50 is plotted in orange.
EMA 200 is plotted in yellow.
These colors help distinguish between the different EMAs easily.
Daily Timeframe Data:
The script uses the request.security function to fetch daily timeframe data for the EMAs, regardless of the chart's current timeframe. This ensures consistency in the EMA calculations.

Usage:
Add this script to your chart to visualize key EMAs derived from daily data.
Use the EMAs to identify potential support/resistance levels, trend direction, and possible crossover signals for entries or exits.
This script is particularly useful for traders monitoring intraday charts while keeping an eye on important daily moving averages.
Technical Overview:
EMA Calculation: The script uses the ta.ema function to calculate the EMAs based on the daily closing price.
Framework Compatibility: Written in Pine Script v6, ensuring compatibility with the latest TradingView standards.