OPEN-SOURCE SCRIPT

5-9-20-100 Day EMA

מעודכן
Indicator Name: "5-9-20-100 Day EMA"

Purpose: This indicator plots four key EMAs (5, 9, 20, and 100-day) on a daily chart, providing a clear visualization of both short-term and long-term trends. The EMAs serve as critical triggers for identifying potential entry and exit points based on price interactions with these moving averages.

Technical Details:

Version: Pine Script v5
EMAs Used:
5-Day EMA (Lime): Captures the most recent price trends, useful for identifying short-term momentum.
9-Day EMA (Yellow): Offers a slightly broader view, often used to confirm the short-term trend.
20-Day EMA (Orange): Represents a medium-term trend, commonly used as a signal for trend reversals.
100-Day EMA (Red): Indicates the long-term trend, often serving as strong support or resistance levels.
Trigger Points:

Crossovers: Price crossing above or below these EMAs can trigger potential buy or sell signals.
Convergence/Divergence: The interaction between the EMAs, such as a faster EMA crossing a slower one, can signal trend reversals or continuations.
Utility: This indicator is ideal for traders who rely on EMA crossovers and the relationship between different EMAs to make informed trading decisions.
הערות שחרור
Summary
Purpose: The Neutral Trend Filter logic aims to identify and handle periods of market indecision, preventing the execution of potentially misleading strong bullish or bearish signals.
How It Works: By checking for EMA convergence and a near-zero regression slope, the script determines if the market is neutral. If a neutral condition is detected and the filter is enabled, strong trend signals are suppressed.
Benefit: This approach helps traders avoid entering trades during times when the market is not exhibiting a strong trend, potentially improving the accuracy and reliability of the trading signals.





Chart patterns

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