OPEN-SOURCE SCRIPT
Willonacci EMA Clouds v2
A technical tool designed for profitable trend-following.
These are a combination of Moving Averages (Simple and Exponential).
Significance:
5/13 EMA Cloud - Trade Management for Momentum names
21/34 EMA Cloud - Short-Term Buy/Sell Zones
48 EMA/50 SMA Cloud - Mid-Term Buy/Sell Zones
For BIAS, I tend to lean more into the 21 EMA.
Daily 21 EMA - Indicates the Strength of the Short-Term Trend
Weekly 21 EMA - Indicates the Strength of the Overall market trend.
Also includes Higher-Timeframe EMAs (8, 21 and 34 EMAs as well as the 50 SMA on the Weekly chart) for "Bigger Picture" Trading.
Based on my Quantitative Analysis and Historical Back-testing over a 20-year period, these are the best set of moving averages out there for catching power trends and momentum moves.
PS: You can uncheck the Higher Timeframe EMAs in the Settings tab to avoid clustering your charts. I personally like having the Weekly 8 and 21 EMAs ON if we see a significant pullback in the markets. This helps me to stay in tune with the overall market trend.
Enjoy!!!
These are a combination of Moving Averages (Simple and Exponential).
Significance:
5/13 EMA Cloud - Trade Management for Momentum names
21/34 EMA Cloud - Short-Term Buy/Sell Zones
48 EMA/50 SMA Cloud - Mid-Term Buy/Sell Zones
For BIAS, I tend to lean more into the 21 EMA.
Daily 21 EMA - Indicates the Strength of the Short-Term Trend
Weekly 21 EMA - Indicates the Strength of the Overall market trend.
Also includes Higher-Timeframe EMAs (8, 21 and 34 EMAs as well as the 50 SMA on the Weekly chart) for "Bigger Picture" Trading.
Based on my Quantitative Analysis and Historical Back-testing over a 20-year period, these are the best set of moving averages out there for catching power trends and momentum moves.
PS: You can uncheck the Higher Timeframe EMAs in the Settings tab to avoid clustering your charts. I personally like having the Weekly 8 and 21 EMAs ON if we see a significant pullback in the markets. This helps me to stay in tune with the overall market trend.
Enjoy!!!
Skrypt open-source
W prawdziwym duchu TradingView autor tego skryptu opublikował go jako open source, aby inwestorzy mogli go zrozumieć i zweryfikować. Pozdrowienia dla autora! Możesz go używać bezpłatnie, ale ponowne użycie tego kodu w publikacji podlega Zasadom Regulaminu. Możesz go oznaczyć jako ulubione, aby użyć go na wykresie.
Chcesz użyć tego skryptu na wykresie?
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.