This script combines the power of Exponential Moving Averages (EMAs) with the Triple M (Mentfx) Wick Detection System, providing traders with a comprehensive tool to analyze trends and potential reversals.
Features: 1. Exponential Moving Averages (EMAs) Plots four customizable EMAs (default lengths: 10, 20, 50, 200). Helps identify short-term and long-term market trends. Adjustable source input and offset options. Distinct colors for easy differentiation of each EMA. 2. Triple M Wick Detection System Automatically detects high and low rejection wicks, signaling potential reversals. Customizable display options to enable/disable wick detection. Configurable wick line thickness and color. Useful for identifying liquidity grabs and market exhaustion points. How to Use: Adjust the EMA lengths to match your trading strategy (e.g., scalping, swing trading). Observe the interaction of price with EMAs to determine trend strength. Enable wick detection to identify potential reversal areas based on wick rejections. This script is ideal for traders who rely on moving averages for trend-following and wick-based setups to confirm entries or exits.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.