Zerolag (almost) EMA gives a good indicator of "close" trend. Many are familiar with the fast/slow ema crossing strategy. Try using this zerolag_ema as the fast runner. You will see improved and more reliable crossovers..
In general, when the zero_lag ema is above the EMA the instrument is in a bull mode and when the zero_lag ema is below the EMA the stock is...
Generic 8x MA plotter. Marks all MA crossings.
Also, you can specify the type of MA -- SMA or EMA.
I actually added an option to disable a specific MA line by specifying ZERO for it. This seems to break the Pinescript Engine. So, for now, please specify all MA values, though I have support for disabling a line in the code.
EMAEnvelope indicator does just that, draws a nice user-defined period EMA envelope (overlay).
It also can highlight the Bull/Bear breaks using different colors
- Green : High > EMA_HIGH
- Lime : (High > EMA_HIGH) and (Low > EMA_HIGH)
- Orange : Low < EMA_LOW
- Red : (Low < EMA_LOW) and (High < EMA_LOW)
Background highlighting is...
