EMAs

Description:

This indicator displays 10 separate Exponential Moving Averages (EMAs) on your chart to help you identify trend direction and potential support/resistance levels.

Unlike Simple Moving Averages (SMAs), EMAs place greater weight on recent price data, allowing for a faster reaction to price changes.

Key Features:

10 Customizable Lines: You can configure the length and source for up to 10 different EMAs.

Dynamic Coloring: The lines change color based on the relationship between the price and the EMA.

EMAs 1-5: Blue when price is above, Orange when price is below.

EMAs 6-10: Green when price is above, Red when price is below.

Visual Hierarchy: Key moving averages (default periods like 50, 200, 600) are rendered with thicker lines to make them stand out as major trend indicators.

Default Settings: The script comes with the following default periods, covering short to long-term trends: 9, 20, 50, 75, 100, 200, 250, 300, 400, 500, 600.

Hope you find this tool useful for your trend analysis!