I do similar thing but make it MUSIC_STAVE.
That is, each of the MA get even height, you can use ruler to measure opposite part.
EMA list will be 7, 20, 38, 62, 100
Beside, make 3 calculated line with 2H-L formula to it
(2*EMA4 - EMA10), (2*EMA7 - EMA20), (2*EMA7 - EMA38)
You will wonder that the calculated line always catch the High/Low of candle, especially on week chart, month chart.
Files:
put BIG arrow when yellow cross green at close &blue cross green at open for ENTRY
put SMALL arrow when yellow cross blue at close for EXIST
close mean close price. same for open price
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Several Moving Average:
Indicator with several Moving Averages.
Author: Дмитрий Кудряшов