EMA Range Oscillator

25 באוג׳

EMA Range Oscillator (ERO) - User Guide

Overview
The EMA Range Oscillator (ERO) is a technical indicator that measures the distance between two Exponential Moving Averages (EMAs) and the distance between price and EMA. It normalizes these distances into a 0-100 range, helping traders identify trend strength, market momentum, and potential reversal points.
Components
Main Line

Green Line: EMA20 > EMA50 (Uptrend)
Red Line: EMA20 < EMA50 (Downtrend)

Histogram

White Histogram: Price distance from EMA20

Key Levels

Upper Level (80): High divergence zone
Middle Level (50): Neutral zone
Lower Level (20): Low divergence zone

Parameters
ParameterDefaultDescriptionFast EMA20Short-term EMA periodSlow EMA50Long-term EMA periodNormalization Period100Lookback period for scalingUpper80Upper threshold levelLower20Lower threshold level
How to Read the Indicator
High Values (Above 80)

Strong trend in progress
EMAs are widely separated
High momentum
Potential overbought/oversold conditions
Watch for possible trend exhaustion

Low Values (Below 20)

Consolidation phase
EMAs are close together
Low volatility
Potential breakout setup
Range-bound market conditions

Middle Zone (20-80)

Normal market conditions
Moderate trend strength
Balanced momentum
Look for directional clues from color changes

25 באוג׳

הערות שחרור

EMA Range Oscillator