The lengths are Fibonacci numbers starting from 5 and ending with 377.
The colors indicate the length of the moving average, green for the shortest and purple for the longest.
The zones between consecutive EMA's (e.g. 5 and 8 ) are market according to the color of the greater one in value.
By default the script plots values for the current time frame, but supports custom time frames.
I'm releasing this script with an open visibility. Feel free to suggest improvements!
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 a publication is governed by House Rules. You can favorite it to use it on a chart.