OPEN-SOURCE SCRIPT
EMA Ribbon - low clutter, configurable [aspiers]
Updated
This script improves on many of the existing EMA ribbon scripts out there:
- Reduces visual clutter with shorter labels / titles, and thinner, transparent lines which don't obscure the actual price chart
- Two beautiful color gradients for up and down trends
- All colors and EMA periods are fully configurable, using the new input grouping / inline features
- Uses Pine Script v4, which makes it more future-proof and allows new functionality, e.g.
- It allow configurable period resolution, e.g. so user can fix at day resolution even when chart is being viewed at hour or minute resolution (this is the default)
- Code clean-up: remove redundant ternary conditionals, improve variable names
- Allow smoothing threshold for changes in trend direction to be configurable
Release Notes
Better screenshot:Release Notes
Another attempt to fix screenshot.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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