This script displays whether the EMA's align on Multiple-Timeframes. The user will set the EMA periods to use to determine the trend. This is useful for Multi-timeframe analysis and ensuring you are not trading against the HTF trend. This script also benefits users who use only a single screen as it is troublesome to switch to multiple timeframes to check EMA alignment.
***note: This is only useful for traders who trade on the lower timeframes. Not recommended for long-term traders.
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.