OPEN-SOURCE SCRIPT

EMA (3) MA (5) BB by Ismael R

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📈 Moving Averages & Bollinger Bands Indicator - SMA & EMA MultiFrame
🔹 Description:
This indicator combines Simple Moving Averages (SMA), Exponential Moving Averages (EMA), and Bollinger Bands, providing a clear view of market trends and potential volatility zones.

🔹 Features:
✅ Includes 5 configurable SMAs (50, 8, 200, 20, 800 by default).
✅ Incorporates 3 configurable EMAs (45, 9, 200 by default).
✅ Implements Bollinger Bands with different standard deviation levels (2.0, 2.5, and 3.0).
✅ Ability to enable or disable each MA/EMA individually.
✅ Customizable colors for better readability.

🔹 How to use it?
📊 Trend Identification: EMAs and SMAs help recognize market direction.
📈 Dynamic Support & Resistance: Bollinger Bands indicate areas of high and low volatility.
⚡ Entry & Exit Signals: Moving average crossovers can signal potential trade opportunities.

🔹 Recommended Settings:

Short-term traders can use a combination of SMA (8, 20, 50) and EMA (9, 45).
Long-term investors can watch the SMA 200 and EMA 200 as macro trend indicators.
📌 Code available in Pine Script v5
Add it to your TradingView and enhance your technical analysis! 🚀

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