OPEN-SOURCE SCRIPT

Triple Moving Average's EMA/SMA

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This Pine Script in its final v5 version is a fundamental visual tool that supports traders in quickly identifying the trend and sentiment.

Key Script Goal
This script's primary objective is flexible multi-timeframe analysis of the trend.

The script serves as a universal set of three independent moving averages, which is intended to help you with the visual assessment of the market context:
  1. EMA (20 periods): Serves as dynamic support/resistance for short-term sentiment. It is highly sensitive to recent price action.
  2. SMA1 (50 periods): Typically acts as a medium-term trend indicator. It is often used to identify corrections.
  3. SMA2 (100 periods): Provides a long-term perspective. Its slope and position relative to the price indicate the dominant structural trend.

The script is a base for every trader who relies on technical analysis and Price Action, utilizing moving averages as dynamic S/R levels.

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