4-EMA Signals 3.0

4-EMA Signals: Multi-Timeframe Trading Indicator

Overview

4-EMA Signals 3.0 is a trading indicator that combines exponential moving averages, volume analysis, and multi-timeframe trend assessment to provide high-probability entry and exit signals. Designed for both day traders and swing traders, it offers a comprehensive approach to market analysis.

Key Features:

EMA System
-- our Configurable EMAs: Fast (7), Medium-Short (25), Medium-Long (70), and Slow (200)
-- Preset Configurations: Choose between Custom, Conservative (9/20/50/200), Aggressive (5/10/20/50), or Fibonacci (8/21/55/144)

--Visual Clarity: Color-coded EMAs for quick trend identification

-- Non-Repainting Signals: All signals use confirmed bars only, ensuring reliability for back-testing

-- Signal Generation
Six Crossover Combinations: Detects all possible crossovers between the four EMAs

-- Buy/Sell Visualization: Green triangles (buy) and red triangles (sell) clearly mark entry points

-- Volume Confirmation: Optional volume filter with adjustable sensitivity (0.1-3.0)

-- Alert System: Customizable alerts for all signal types

Multi-Timeframe Analysis

-- Three Timeframe Analysis: 5-minute, 1-hour, and 4-hour trend detection
-- Higher Timeframe Bias: Overall market direction assessment based on EMA alignment
--Visual Table Display: Color-coded table showing trend status across all timeframes

Trading Session Tracking
-- Major Sessions: London (08:00-17:00), New York (13:00-22:00), Asia (22:00-08:00), Sydney (22:00-07:00)

-- Session Indicators: Background colors distinguish active trading sessions

-- GMT+1 Timezone: Optimized for European trading schedule

Volume Analytics

-- Volume Filter: Compare current volume against 20-period SMA with adjustable sensitivity
-- Per Candle Volume: Real-time volume data for the current candle
-- Daily Volume: Track total daily volume in thousands

Trading Applications

-- Trend Following: Use EMA alignment to identify strong directional moves
-- Scalping: Fast EMA crosses provide quick entry and exit points
-- Swing Trading: Higher timeframe analysis helps identify broader market bias
-- Session Trading: Optimize entries based on specific market sessions
-- Risk Management: Volume filter helps avoid low-liquidity, high-risk trades

Technical Details

-- Pine Script Version: v5
-- Chart Compatibility: Works on all timeframes and markets
-- Performance Optimized: Efficient code with max_labels_count limit
-- Non-Repainting: Reliable signals that don't change after formation

The 4-EMA Signals indicator combines the simplicity of moving average crossovers with the depth of multi-timeframe analysis and volume confirmation, creating a powerful yet easy-to-use trading tool for traders of all experience levels.