OPEN-SOURCE SCRIPT

EMA Distance Scanner with Multi-Timeframes

1 738
This indicator was created for personal use because I wanted to see, within the five-minute time frame, what is happening with the 15-minute, 1 hour, and 4 hour EMA9 and EMA200.

When the number is green, we are above the EMA value, and when it is red, we are below it. This also helps to get a clearer picture of the short- and long-term trends. When the number is close, within 0.00-0.01%, it turns blue, indicating a potential support level. You can also change the EMA values to your preference in the settings.
Hopefully, this will be helpful for you as well.

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