Crossover EMMMCrossover EMMM is an indicator that displays the Madrid Moving Averages (EMMM) and detects crossovers (upward crossings) and crossunders (downward crossings) between two moving averages. It uses two input parameters to define the fast and slow EMMM lengths. The script calculates the EMMM values, their changes, and assigns colors based on the change direction. The fast EMMM is plotted in green or red, and the slow EMMM is plotted in blue or red, depending on the change direction. The script also displays triangle shapes below or above the bars to indicate crossovers and crossunders.
The "Madrid Moving Average" (EMMMM) is a type of moving average used in technical analysis to smooth price fluctuations of financial assets, such as stocks or currency pairs. Unlike the Simple Moving Average (SMA), which treats all data equally, the EMMM gives more weight to recent data. This results in the EMMM responding more swiftly to price changes, making it well-suited for identifying short-term trends.
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4 EMAs With Colors(100,300,600,1000)+ichimoku Cloud4 EMAs With Colors(100,300,600,1000) To detect trend
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4 Exponential Moving Averages With Colors(100,300,600,1000)4 Exponential Moving Averages With Colors(100,300,600,1000) With Colors
To play with Scalper,Swing, intraday
10 Simple Moving Averages With Colors10 Simple Moving Averages With Colors change When It's below or above the price
