OPEN-SOURCE SCRIPT

EMA 3 vs EMA 21 % Difference Adjustable

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Title: EMA 3 vs EMA 21 % Difference with Adjustable Labels

Description:
This script calculates the percentage difference between EMA 3 and EMA 21 and displays it directly on the chart as a label. Labels are shown only when the difference exceeds a user-defined threshold, helping traders easily spot significant deviations.

Features:

Calculates EMA 3 and EMA 21.

Displays percentage difference as labels above or below candles.

Adjustable label style and size.

User-defined percentage threshold for label visibility.

Plots EMA lines for visual reference.

Ideal for traders who want to monitor short-term EMA divergence relative to a longer-term trend in a clean and customizable way.

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