OPEN-SOURCE SCRIPT
Multi EMA By St.Rimshev
Indicator Description: Multi EMA By St.Rimshev
Multi EMA By St.Rimshev is a trend-following visual indicator that displays 39 Exponential Moving Averages (EMAs) across a wide range of periods — from 2 to 350 — directly on the chart. It is designed to help traders identify market direction, strength, and potential turning points by observing the alignment and interaction of multiple EMAs.
🔍 Key Features:
Trend Following Logic: Based on the principle that price tends to follow the direction of its moving averages, especially when multiple EMAs are aligned.
Color-Coded Clarity:
Red EMAs represent the dominant group, typically short- and medium-term periods, used to detect momentum and trend shifts.
Gray EMAs serve as neutral or transitional layers, helping to visualize consolidation zones or indecision.
Green EMAs highlight specific periods that may act as confirmation signals or dynamic support/resistance levels.
Visual Structure: The layered EMA setup creates a ribbon-like structure that helps traders quickly assess whether the market is trending, ranging, or reversing.
🎯 Use Cases:
Ideal for traders using trend-following strategies, EMA crossovers, or multi-timeframe analysis.
Useful for identifying:
Trend strength and direction.
Dynamic support and resistance zones.
Entry/exit zones based on EMA clustering or separation.
Multi EMA By St.Rimshev is a trend-following visual indicator that displays 39 Exponential Moving Averages (EMAs) across a wide range of periods — from 2 to 350 — directly on the chart. It is designed to help traders identify market direction, strength, and potential turning points by observing the alignment and interaction of multiple EMAs.
🔍 Key Features:
Trend Following Logic: Based on the principle that price tends to follow the direction of its moving averages, especially when multiple EMAs are aligned.
Color-Coded Clarity:
Red EMAs represent the dominant group, typically short- and medium-term periods, used to detect momentum and trend shifts.
Gray EMAs serve as neutral or transitional layers, helping to visualize consolidation zones or indecision.
Green EMAs highlight specific periods that may act as confirmation signals or dynamic support/resistance levels.
Visual Structure: The layered EMA setup creates a ribbon-like structure that helps traders quickly assess whether the market is trending, ranging, or reversing.
🎯 Use Cases:
Ideal for traders using trend-following strategies, EMA crossovers, or multi-timeframe analysis.
Useful for identifying:
Trend strength and direction.
Dynamic support and resistance zones.
Entry/exit zones based on EMA clustering or separation.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.