OPEN-SOURCE SCRIPT

EMA 5/9 Ribbon + VWAP + Trend Filters

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**Description:**

This indicator combines EMA ribbon analysis with VWAP and volume-based trend filters to help traders identify high-probability entries. It is designed for clarity, providing visual signals, trend bias, and key market metrics directly on the chart.

**Key Features:**

* EMA Ribbon (5 & 9) that changes color based on trend and VWAP cross.
* Buy/Sell signals with optional “strong” signals when trend and volume confirm.
* VWAP crossover arrows (yellow) highlight stronger trends.
* Sideways detection filter to reduce signals during choppy markets.
* Adjustable ribbon and sideways background colors via settings.
* Live trend table showing:

* Current trend bias (Bullish/Bearish/Sideways)
* Bullish vs Bearish volume percentage
* ATR for volatility insight
* Optional background highlight for sideways zones.

**User Inputs:**

* EMA lengths, ATR length, volume lookback
* Sideways detection toggle and sensitivity
* Table placement options (top-right, top-center, bottom-right, bottom-center)
* Customizable colors for bullish, bearish, VWAP, and sideways zones

**Benefits:**

* Quickly visualize trend direction and momentum.
* Avoid signals during sideways or low-volatility periods.
* Makes chart analysis faster and more intuitive.
* Fully customizable to match personal trading style.

**Recommended Use:**
Best used on intraday or swing charts to confirm trend and momentum. Combine with other analysis tools (support/resistance, candlestick patterns, or additional indicators) for higher confidence trades.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.