EMA Trading Indicator

This indicator allows the user to see when to enter and exit long positions by displaying the information from multiple EMA’s in a singular line. The indicator is meant to display a “safe” area for long positions represented by the line being “green”. “Unsafe” areas where an uptrend may be reversing are represented by “orange”. If you have an open long position while the line is orange, you may look to close the position. “Not safe” means you should not have a long position open and is indicated by “red”. All of these colors can be changed by the user.

VISUALS

• Line is green = safe for long positions; EMA 1 length is above every other EMA value specified by the user
• Line is orange = pay attention to open long positions and prepare for close, do not open new long positions; EMA 1 length is below EMA 2 length, but EMA 1 and EMA 2 are still above EMA 3 and EMA 4
• Line is red = close any open long positions, do not open new long positions; EMA 1 and/or EMA 2 has fallen below EMA 3 and EMA 4

Inputs

• EMA 1 Length – This input will change the value of EMA 1
• EMA 2 Length – This input will change the value of EMA 2
• EMA 3 Length – This input will change the value of EMA 3
• EMA 4 Length – This input will change the value of EMA 4