OPEN-SOURCE SCRIPT
Slope of EMA
The goal of this indicator is to determine if the asset is in a downtrend or uptrend. To determine an up- or downtrend the slope of the Exponential Moving Average (EMA) is calculated.
Inputs for the slope calculation:
- EMA Length
- Number of candles
Using a longer EMA length or a higher number of candles is generally appropriate for identify longer term trends. The shorter the EMA length and number of candles, the faster the indicator responds.
A positive slope indicates an uptrend and a negative slope a downtrend.
Inputs for the slope calculation:
- EMA Length
- Number of candles
Using a longer EMA length or a higher number of candles is generally appropriate for identify longer term trends. The shorter the EMA length and number of candles, the faster the indicator responds.
A positive slope indicates an uptrend and a negative slope a downtrend.
開源腳本
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