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Pivot-based EMA Bands (PEMA)

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Trend Analysis Moving Averages pema pivot pivotboss
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trendanalysis movingaverage pema pivot pivotboss
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 typical price.

Moving average periods:
High Intensity: 8/13/21
Medium Intensity: 13/21/34
Low Intensity: 13/34/55

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This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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