OPEN-SOURCE SCRIPT
CakeProfits-SMA+EMA G
This indicator plots a dynamic color coded MA ribbon that visually highlights the relationship between a Simple Moving Average (SMA) and an Exponential Moving Average (EMA). The ribbon changes color based on bullish or bearish crossovers:
Bullish – EMA crosses above the SMA, indicating upward momentum.
Bearish – EMA crosses below the SMA, signaling potential downward pressure.
The SMA smooths out long-term price trends, while the EMA responds faster to recent price action. Together, they help traders identify shifts in market direction and momentum strength. The ribbon provides a clear, at-a-glance view of trend changes and can be used on any timeframe or market.
There is also the option to display a 200 SMA that is also color coded.
Common Uses:
Confirming trend direction.
Identifying early entry/exit points.
Filtering trades for trend-following strategies.
Bullish – EMA crosses above the SMA, indicating upward momentum.
Bearish – EMA crosses below the SMA, signaling potential downward pressure.
The SMA smooths out long-term price trends, while the EMA responds faster to recent price action. Together, they help traders identify shifts in market direction and momentum strength. The ribbon provides a clear, at-a-glance view of trend changes and can be used on any timeframe or market.
There is also the option to display a 200 SMA that is also color coded.
Common Uses:
Confirming trend direction.
Identifying early entry/exit points.
Filtering trades for trend-following strategies.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。