Ema Trend

Ghost

Member
Platform
  1. Thinkorswim
Trend indicator based off Ema of Ema code I posted earlier, you can adjust the aggreation to view trend of larger timeframes on the same chart.

3-Day Trend on 3-Day Chart

1-Month Trend on 3-Day Chart

Code:
#Ema Trend
#Ghost
input length = 3;
input agg = aggregationPeriod.MONTH;
def price = close(period = agg);

def emaf = ExpAverage(price, length);

def ema144  = expaverage(emaf, 138);
def fibavg = ema144 ;

def ema145  = expaverage(emaf, 155);
def fibavg1 = ema145 ;

def ema146  = ExpAverage(emaf, 38);
def fibavg2 = ema146 ;

def ema147  = ExpAverage(emaf, 55);
def fibavg12 = ema147 ;

AssignPriceColor(if emaf >= fibavg2 then color.green else if emaf < fibavg12  then color.red else Color.CURRENT);
 
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