Power Indicator

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The Power Indicator is a customizable EMA (Exponential Moving Average) overlay designed to help traders visually assess market trends across short-, medium-, and long-term timeframes. It plots five key EMAs — 10, 20, 50, 100, and 200 — directly on your price chart, providing a quick glance at the overall momentum and structure of the market.

Functionality:
This indicator includes the following features:
Five EMAs Plotted:
- EMA 10 → Short-term trend
- EMA 20 → Near-term trend
- EMA 50 → Medium-term trend
- EMA 100 → Intermediate trend
- EMA 200 → Long-term trend

User-defined Colors:
Each EMA has its own color setting, allowing full customization for better visibility and style matching.

🖥️Overlay on Price Chart:
EMAs are drawn directly over candles to align with your trading chart.

Real-Time Updates:
EMAs update dynamically with every new price bar.

⚙️ How to Use & Modify Settings
To customize the indicator:
- Add the indicator to your chart.
- Click the gear icon (⚙️) next to the script name.
- Under the Inputs tab, you'll see:
- EMA 10 Color – Choose your preferred color
- EMA 20 Color – Choose your preferred color
- EMA 50 Color – Choose your preferred color
- EMA 100 Color – Choose your preferred color
- EMA 200 Color – Choose your preferred color
You can adjust the colors to match your theme or emphasize specific EMAs.

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Sürüm Notları

Power Indicator V2 enhances your charting by adding a visual volume spike signal below candles whenever the trading volume on that candle exceeds 125% (25% more) of the 30-period Exponential Moving Average (EMA) of volume. This helps traders quickly spot significant volume surges which might indicate strong buying or selling activity.

Functionality:
- Plots EMA bands for 10, 20, 50, 100, and 200 periods with user-selectable colors.
- Displays a customizable symbol (like triangle, arrow, diamond, etc.) below the candle when the volume spike condition is met (volume > 1.25 × EMA volume).
- The symbol size is fixed as tiny for minimal chart clutter and clear visibility.
- Volume spike signals can be toggled on/off via settings.
- Volume lookback period and spike threshold are configurable.

How to Use & Modify Settings:
- Apply the indicator to your chart to visualize EMAs and volume spike signals simultaneously.
- Change the colors of each EMA line from the settings panel to suit your chart theme.
- Select your preferred volume spike symbol shape from a dropdown list for easy recognition.
- Enable or disable volume spike markers as needed to reduce chart noise.
- Adjust the volume lookback period or spike multiplier to fine-tune sensitivity to volume surges based on your trading style.

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Sürüm Notları

Minor bug fixes