OPEN-SOURCE SCRIPT
Willonacci EMA Clouds v2
A technical tool designed for profitable trend-following.
These are a combination of Moving Averages (Simple and Exponential).
Significance:
5/13 EMA Cloud - Trade Management for Momentum names
21/34 EMA Cloud - Short-Term Buy/Sell Zones
48 EMA/50 SMA Cloud - Mid-Term Buy/Sell Zones
For BIAS, I tend to lean more into the 21 EMA.
Daily 21 EMA - Indicates the Strength of the Short-Term Trend
Weekly 21 EMA - Indicates the Strength of the Overall market trend.
Also includes Higher-Timeframe EMAs (8, 21 and 34 EMAs as well as the 50 SMA on the Weekly chart) for "Bigger Picture" Trading.
Based on my Quantitative Analysis and Historical Back-testing over a 20-year period, these are the best set of moving averages out there for catching power trends and momentum moves.
PS: You can uncheck the Higher Timeframe EMAs in the Settings tab to avoid clustering your charts. I personally like having the Weekly 8 and 21 EMAs ON if we see a significant pullback in the markets. This helps me to stay in tune with the overall market trend.
Enjoy!!!
These are a combination of Moving Averages (Simple and Exponential).
Significance:
5/13 EMA Cloud - Trade Management for Momentum names
21/34 EMA Cloud - Short-Term Buy/Sell Zones
48 EMA/50 SMA Cloud - Mid-Term Buy/Sell Zones
For BIAS, I tend to lean more into the 21 EMA.
Daily 21 EMA - Indicates the Strength of the Short-Term Trend
Weekly 21 EMA - Indicates the Strength of the Overall market trend.
Also includes Higher-Timeframe EMAs (8, 21 and 34 EMAs as well as the 50 SMA on the Weekly chart) for "Bigger Picture" Trading.
Based on my Quantitative Analysis and Historical Back-testing over a 20-year period, these are the best set of moving averages out there for catching power trends and momentum moves.
PS: You can uncheck the Higher Timeframe EMAs in the Settings tab to avoid clustering your charts. I personally like having the Weekly 8 and 21 EMAs ON if we see a significant pullback in the markets. This helps me to stay in tune with the overall market trend.
Enjoy!!!
סקריפט קוד פתוח
ברוח TradingView אמיתית, מחבר הסקריפט הזה פרסם אותו בקוד פתוח, כך שסוחרים יוכלו להבין ולאמת אותו. כל הכבוד למחבר! אתה יכול להשתמש בו בחינם, אבל השימוש החוזר בקוד זה בפרסום כפוף לכללי הבית. אתה יכול להכניס אותו למועדפים כדי להשתמש בו בגרף.
רוצה להשתמש בסקריפ זה בגרף?
כתב ויתור
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.