This indicator draws 3 exponential moving averages. It is coded according to the concept of pivot-based exponential moving averages. It visually reveals value opportunities during trending markets. The moving averages are constructed based on pivot/typical price. Typical price = (H+L+C)/3 There are 3 groups of exponential moving averages calculated using a...
Pivot EMA with color codes indication the possible direction of the market. Also added prefix to the name of the indicator for easy identification of my indicators. Upward sloping bands indicate uptrend and Downward sloping band indicates downtrend. Upward sloping and downward sloping are differentiated using color codes for easy visual identification.
PivotBoss PEMA method. Very useful if you combine it with other PivotBoss ADR and PivotBoss Pivots
This type of moving average was originally developed by Bruno Pio in 2010. I just ported the original code from MetaTrader 5. The method uses a linear combination of EMA cascades to achieve better smoothness. Well, actually you can create your own X-uple EMA, but be sure that the combination' coefficients are valid.
Frank Ochoa concept of Pivot based EMAs. Changes color based on the position of fast and slow PEMAs. Default values are 21,34,55 (Fibonacci numbers) Ideal way of usage is to use in conjunction with PEMA Oscillator which I had posted few days back.