Triple 3 EMA Convergence
This indicator was made specifically to trigger alerts when multiple EMA lines are converging on multiple time frames.
You change which 3 time frames it looks at (Default 1h, 3h, D) and 3 EMA lengths (Default 8,21,100).
You can also change the threshold in which the convergence is triggered (How tight the convergence must be to trigger (Default 1))
It uses ATR as a filter on each of the time frames with the ATR length set to the FastEMA length setting
If the Daily chart only (Or largest Resolution) is converging, you will see a red column with the value of 100.
If 2 of 3 resolutions are converging, you will see a yellow column with the value of 200.
If all 3 resolutions are converging, you will see a green column with the value of 300.
With this in mind you can set alerts when the value is above any or all of these levels.
Please contact me if you need any further explanation or have suggestions.
Donations are not required but are always welcomed and much appreciated.
LTC - MGgHzsHsQRkLYrDwpQqowHuWNgaYUhMQcZ
BTC -0.30% - 34AoewZtXPW2cj3wqw9Bs5GE6ibUJpjQRv
ETH - 0xCf665150B9b0F65952A201e035aa6BA681016490
Happy Trading Yall. Keep Calm and HODL Litecoin
You change which 3 time frames it looks at (Default 1h, 3h, D) and 3 EMA lengths (Default 8,21,100).
You can also change the threshold in which the convergence is triggered (How tight the convergence must be to trigger (Default 1))
It uses ATR as a filter on each of the time frames with the ATR length set to the FastEMA length setting
If the Daily chart only (Or largest Resolution) is converging, you will see a red column with the value of 100.
If 2 of 3 resolutions are converging, you will see a yellow column with the value of 200.
If all 3 resolutions are converging, you will see a green column with the value of 300.
With this in mind you can set alerts when the value is above any or all of these levels.
Please contact me if you need any further explanation or have suggestions.
Donations are not required but are always welcomed and much appreciated.
LTC - MGgHzsHsQRkLYrDwpQqowHuWNgaYUhMQcZ
BTC -0.30% - 34AoewZtXPW2cj3wqw9Bs5GE6ibUJpjQRv
ETH - 0xCf665150B9b0F65952A201e035aa6BA681016490
Happy Trading Yall. Keep Calm and HODL Litecoin
Versionsinformation:
For the 100 and 200 value columns, I have added code to change the color of these bars based on which timeframes are converging (Longer time frames are green, medium time frames are yellow, shorter time frames are red)