Volume Colored EMA

volume_colored_EMA

Function Name: volume_colored_EMA

Tags: Volume

Category: Volume

 - Volume Colored EMA is the another type of moving average that applies weighing factors to reduce the lag in a simple moving average.

 

- Volume Colored_EMA is the volume analysis, it displays a Exponential Moving Average (EMA) over a specified period of time of Volume and a Volume line which using color conditions. If the today volume is more than a specified period of EMA, the volume line displays green color. In the opposite site the today volume is less than a specified period of EMA, the volume line displays red color.

 

Parameters

Period

 

Default Value: 5  |  Minimum: 1  |  Maximum: 999

 

Type: Numeric