Check OAS of EMAs

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This script checks the Optimal Alignment and Slope of the EMA's and prints a label if it finds one.

🔍 1. Optimal Alignment
This refers to the order of EMAs on the chart, which should reflect the trend.

In an uptrend, the alignment might be:
10 EMA above 20 EMA above 50 EMA
In a downtrend:
10 EMA below 20 EMA below 50 EMA
This "stacked" alignment confirms trend strength and direction.

📈 2. Slope
The angle or slope of the EMAs shows momentum.
A steep upward slope = strong bullish momentum.
A steep downward slope = strong bearish momentum.
Flat or sideways slope = weak or no trend (ranging market).

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Sürüm Notları

Optimized with Strict Rules and ADX for trend strength.