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Ranging EMA Spread

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An attempt at identifying ranging price behavior at EMA crossover points.

I noticed that when price consolidates that the spread between two EMAs at times will sort of fluctuate between a tight range before it breaks out.

Basically this just highlights the bars that are within a predefined EMA spread percentage range for X amount of bars.

Sometimes the crossovers just happen cleanly, but the above example sort of illustrates my idea.
版本注释
Added optional bar colors. They're off by default.

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