pinescript Copy code //version=5 indicator("EMA 9 & EMA 21", overlay=true) Specifies the script uses Pine Script version 5. The overlay=true ensures the EMAs are plotted directly on the price chart, rather than in a separate pane. Input Parameters:
pinescript Copy code ema9Length = input.int(9, title="EMA 9 Length", minval=1) ema21Length = input.int(21, title="EMA 21 Length", minval=1) input.int() allows the user to customize the EMA lengths. The minval=1 ensures the length is always a positive integer. Default lengths are set to 9 and 21 for the short- and medium-term EMAs, respectively. EMA Calculations:
pinescript Copy code ema9 = ta.ema(close, ema9Length) ema21 = ta.ema(close, ema21Length) ta.ema() computes the exponential moving average based on the close price of candles. ema9 and ema21 are dynamically calculated for every candle on the chart. Plot EMAs:
pinescript Copy code plot(ema9, color=color.blue, title="EMA 9", linewidth=2) plot(ema21, color=color.red, title="EMA 21", linewidth=2) plot() draws the EMAs on the chart: ema9 is plotted in blue to represent the short-term EMA. ema21 is plotted in red to represent the medium-term EMA. The linewidth=2 makes the lines slightly thicker for better visibility.