WavePrinciple-Net

BE-EMA(12,26) (Blue Empire Exponential Moving Average)

WavePrinciple-Net Updated   


Simple EMA where you get a CROSS mark between EMA 12 and EMA 26.

Each time a cross happens, a spot gets created.

If it's cyan, it goes up.

If it's magenta, it goes down.





I'm studying Trading at Blue Empire Academy, if you want to know more send me a PM.


Wave Analysis study the wave's behavior and tries to predict by using trendlines, elliot waves, fibonacci retracements, and EMAs basically.

In this Indicator, It's a confirmation when EMA 12 goes over to confirm the price may go up. and Vice versa.



Hope you like, please share if you think it's useful and comment if you think this can be better.



Thank you again for reading


>> This is just an indicator, it doesn't predict the future. Use it at your own risk. <<


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All the credits to @tracks, a genius who helped me polish the code. :] thank you.


Release Notes:
Added - Extra 200 MA (Long-Period Indicator)

Open-source script

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.

Disclaimer

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