Simple 3 EMA Strategy with plotted Take Profit and Stop Loss
- Middle EMA cross above the Slow EMA
- Set take profit and stop loss exit conditions based on ATR Indicator
- Fast EMA cross below the Middle EMA
A basic script that let's you have 3 EMA (Exponential Moving Averages) all-in-one script. They're useful to know the general trends of your chart: Long-time, Short-time (or immediately) & General current trend.
Note: Remember that "exponential" means that these indicators give more weight to the latest data, making them more reactive to price changes (they react...
3 Moving Average Exponential - 6 Simple Moving Average . Crypto EMA - MA . 7 is a fast support or resistance, 15 confirmation support or resistance. 30 Important support and resistance . 50 institutional support or resistance. 200 institutional general trend, support and resistance , 360 general trend, support and resistance . The use of EMA or MA is according to...
Green = Price > Fast and Fast > Medium and Medium > Slow
Blue = Price > Fast and Fast > Medium and Medium < Slow
Aqua = (Price > Fast and Fast < Medium and Medium > Slow) or (Price > Fast and Fast < Medium and Medium < Slow)
Yellow = (Price < Fast and Fast > Medium and Medium > Slow) or (Price < Fast and Fast > Medium and...