Adding EMAs
Each member of our team has their own preferences for which and how many moving averages they like to have applied to certain charts. While everyone has different setups they like to use, this will cover the basics of adding and configuring these moving averages on your platform.
In this example we will be using TOS.
Adjusting the period (length) and color coding
Below are commonly used EMA periods and colors at Simpler Trading.
8 period - Yellow
21 period - White
34 period - Magenta
55 period - Cyan
89 period - Red
144 period - Grey
200 period - Green
Manually adding moving averages in Thinkorswim (TOS)
Open the Edit Studies and Strategies window.
Add the Exponential Moving average multiple times to your chart.
Change the settings for each by selecting the gear icon to the right of the name.
Change each instance to a length and a color.
Once you have done this for each moving average, click OK.
If you follow Raghee, she uses the following periods and colors for her EMAs:
8 period - Red
13 period - Yellow
21 period - Green
55 period - Cyan
89 period - Maroon or magenta
200 period - white
Download the free EMA Ribbon indicator
https://intercom.help/simpler-trading/en/articles/3294266
John Carter - How to Set-up John's Average True Range (ATR)