OPEN-SOURCE SCRIPT
Updated EMAs Daily Reset
This indicator displays 3 EMAs that recalculate every day.
This is useful for intraday trading by removing the bias of the previous day's ema price. This ensures your EMAs stay near the most current price action.
Note: If your length is larger than the number of bars in the day, your EMAs will not have time to properly catch up in the day.
This is useful for intraday trading by removing the bias of the previous day's ema price. This ensures your EMAs stay near the most current price action.
Note: If your length is larger than the number of bars in the day, your EMAs will not have time to properly catch up in the day.
Release Notes
Added options for moving average type because of a request from a user,Now included:
SMA,EMA,WMA,VWMA,RMA
Release Notes
formatting error resolvedRelease Notes
-Added "Calculation Period"This allows for you to control the period at which the moving averages reset.
Default is 1 day = MAs reset upon new daily candle, 1 hour = MAs reset upon new 1H candle, etc.
-Added "HoB/LoB" as sources
High of Body and Low of Body
Enjoy
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.