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EMA Spread Oscillator

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Centered Oscillators Volatility Trend Analysis spread Moving Averages percentage Divergence
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centeredoscillator volatility trendanalysis spread movingaverage percentage divergence
EMA Spread Oscillator

Quickly see past levels where diff maxed out. Momentum and price can only keep going up for so long. This obviously differs per underlying asset. So that is where this oscillator comes in handy.

Of course you can see on the chart how far apart the moving averages are, but it is easier to spot on an oscillator.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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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