OPEN-SOURCE SCRIPT
Sessioned EMA - Frozen EMA in post market hours
Why I develop this indicator?
In future indices, post market data with little volume distort the moving average seriously. This indicator is to eliminate the distortion of data during low volume post market hours.
How to use?
There is a time session setting in the indicator, you can set the cash hour time, moving average outside the session will be frozen.
What this indicator gives you
This indicator give you a more make sense ema pattern, the ema lines are more respected by the prices when you set the session properly.
Setup
1. Session setting
In US indices, such as NQ, ES etc, when there was data release at 0830 hr, huge volume transaction order appears, that makes the 0830 price data important that should be included in your ema trend line calculating. If that is the case, I will set the session begin from 0830, otherwise, I start the session at 0930. Golden rule : Price with huge volume counts.
2. Time zone
The coding is decided for GMT+8 time zone, you may amend the code to fit your timezone.
In future indices, post market data with little volume distort the moving average seriously. This indicator is to eliminate the distortion of data during low volume post market hours.
How to use?
There is a time session setting in the indicator, you can set the cash hour time, moving average outside the session will be frozen.
What this indicator gives you
This indicator give you a more make sense ema pattern, the ema lines are more respected by the prices when you set the session properly.
Setup
1. Session setting
In US indices, such as NQ, ES etc, when there was data release at 0830 hr, huge volume transaction order appears, that makes the 0830 price data important that should be included in your ema trend line calculating. If that is the case, I will set the session begin from 0830, otherwise, I start the session at 0930. Golden rule : Price with huge volume counts.
2. Time zone
The coding is decided for GMT+8 time zone, you may amend the code to fit your timezone.
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。