VWAP Horizon Suite Optimized - CoffeeKillerVWAP Horizon Suite Optimized - User Guide
Overview
The VWAP Horizon Suite Optimized is a comprehensive technical analysis tool for TradingView designed to enhance your trading strategy with Volume Weighted Average Price (VWAP) analysis, standard deviation bands, and customizable Exponential Moving Averages (EMAs). This indicator provides a robust framework for identifying potential support and resistance levels, price momentum, and market trends.
Key Features
- **Daily VWAP with Session Reset**: Automatically resets at 17:00 (5:00 PM) each day
- **Customizable Standard Deviation/Percentage Bands**: Up to 3 bands above and below VWAP
- **High/Low Point Detection**: Visual markers for significant price levels
- **Multiple Customizable EMAs**: 8 different EMAs that can be individually toggled and styled
- **Visual Customization**: Adjustable colors, fills, and styles for all elements
VWAP Settings
- **Source**: Determines the price data used to calculate VWAP (default: HLC3 - High, Low, Close average)
Bands Settings
- **Bands Calculation Mode**: Choose between "Standard Deviation" or "Percentage" methods
- **Show Band #1, #2, #3**: Toggle visibility for each band
- **Band Multiplier #1, #2, #3**: Adjust the distance from VWAP (in standard deviations or percentage)
- **Show Fills**: Enable colored fills between bands for better visualization
Visualization Settings
- **Show High/Low Markers**: Display diamond markers for local high and low points relative to VWAP, these reset based on the price crossing the VWAP Line.
EMA Settings
The indicator provides 8 customizable EMAs (8, 13, 21, 26, 48, 50, 100, and 200) with individual controls:
- **Show EMA X**: Toggle visibility for each EMA
- **EMA X Period**: Adjust the period length for calculation
- **EMA X Color**: Customize the color of each EMA
- **EMA Line Width**: Set the width for all EMA lines
How to Use
Basic VWAP Analysis
The core VWAP line (blue) represents the average price weighted by volume since the start of the session (17:00 daily reset). This serves as a dynamic support/resistance level and reference point for intraday trading.
1. **Price above VWAP**: Generally bullish short-term sentiment
2. **Price below VWAP**: Generally bearish short-term sentiment
3. **Crosses of VWAP**: Potential shift in short-term momentum
Standard Deviation Bands
The bands surrounding VWAP help identify potential support, resistance, and volatility levels:
- **Band #1 (±1σ)**: Price often reverts to VWAP when reaching these levels
- **Band #2 (±2σ)**: Stronger support/resistance areas, possible reversal zones
- **Band #3 (±3σ)**: Extreme price levels, often indicating overbought/oversold conditions
High/Low Point Detection
Purple and yellow diamond markers identify significant swing highs and lows relative to VWAP, helping you recognize potential reversal points or continuation patterns. (These repaint in a effort to find the max high/low point from the VWAP Line)
EMA Strategy
The customizable EMAs can be used to:
- Find potential support/resistance levels
- Create crossover systems
- Analyze market structure
Common EMA combinations include:
- 8 & 21 for short-term trends
- 50 & 200 for long-term trends and the "Golden Cross/Death Cross"
- 13 & 48 for the "New Golden Cross" - a modern alternative gaining popularity among traders
- 8, 13, 21 for complex short-term momentum analysis
Advanced Usage Tips
For Day Traders
1. **Opening Range Analysis**: Watch how price reacts to VWAP in the first hour of trading
2. **VWAP Reversions**: Look for trades when price touches outer bands and reverses toward VWAP
3. **Band Breakouts**: Strong moves beyond Band #2 may indicate momentum for continuation
For Swing Traders
1. **Use alongside daily/weekly support-resistance levels**
2. **Combine with EMA crossovers for trend confirmation**
3. **Identify potential reversal zones where price reaches Band #3**
Combined Strategies
- **EMA + VWAP Confluence**: Strong signals occur when EMA lines and VWAP/bands align at the same price level
- **High/Low + Band Touch**: When a high/low marker appears near a band, it may indicate a stronger support/resistance level
Conclusion
The VWAP Horizon Suite Optimized provides a comprehensive set of tools for price analysis based on volume-weighted data and exponential averages. By understanding and properly configuring the various components, you can create a powerful visual framework for identifying potential trading opportunities across multiple timeframes.
Remember that no indicator provides perfect signals, and the VWAP Horizon Suite works best when used as part of a complete trading strategy that includes risk management, multiple confirmation tools, and proper analysis of market conditions.
DISCLAIMER
**DISCLAIMER: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.**
Üstel Hareketli Ortalama (EMA)
Order Block FinderEste indicador experimental está diseñado para identificar Bloques de Orden Institucionales en gráficos financieros. Estas son áreas donde los grandes actores del mercado (como instituciones) han colocado órdenes significativas, a menudo marcando el inicio de movimientos fuertes en el precio. Los Bloques de Orden son útiles porque hay una alta probabilidad de que el precio regrese a estas áreas en el futuro, lo que las hace ideales para colocar órdenes límite.
Características principales:
Bloques de Orden Bullish (alcistas):
Definidos como la última vela bajista antes de una secuencia de velas alcistas.
El rango de precios relevante va de Apertura a Mínimo (o todo el rango de Máximo a Mínimo, opcionalmente).
Bloques de Orden Bearish (bajistas):
Definidos como la última vela alcista antes de una secuencia de velas bajistas.
El rango de precios relevante va de Apertura a Máximo (o todo el rango de Máximo a Mínimo, opcionalmente).
Configuración ajustable:
Puedes cambiar el número de velas consecutivas requeridas para identificar un bloque.
Permite establecer un umbral porcentual de cambio en el precio necesario para validar un Bloque de Orden.
Canales y Equilibrio:
Muestra u oculta los canales que marcan los últimos bloques alcistas y bajistas.
Resalta el equilibrio (valor promedio) dentro de cada bloque como una zona clave para la interacción del precio.
Alertas:
Se activan automáticamente cuando se detecta un Bloque de Orden.
El retraso depende del parámetro "Periodos Relevantes" (por defecto, 5).
Money Printer V3 - BTC EMA Crossover Strategy🚀 Money Printer V3 - BTC EMA Crossover Strategy
📌 Overview
Money Printer V3 is a trend-following strategy designed to capture high-probability trades using EMA crossovers, MACD confirmation, RSI filtering, and ATR-based stop-losses. It helps traders identify strong momentum shifts and manage risk dynamically using a trailing stop-loss system.
This strategy is fully customizable and works on multiple timeframes, making it suitable for scalping, swing trading, or long-term trend following.
📊 How It Works
✅ Long Trades:
The fast EMA (default 20) crosses above the slow EMA (default 50).
RSI (default 14) is above 50, confirming trend strength.
MACD histogram is positive, showing bullish momentum.
(Optional) Volume filter confirms that a large amount of capital is moving into the trade.
✅ Short Trades:
The fast EMA crosses below the slow EMA.
RSI is below 50, signaling weakness.
MACD histogram is negative, confirming bearish momentum.
(Optional) Volume filter confirms that a sell-off has strong market participation.
✅ Risk Management:
ATR-based Stop-Loss: Automatically adjusts based on volatility.
Trailing Stop-Loss: Helps maximize profits by locking in gains as price moves in your favor.
Dynamic Position Sizing: Uses risk-based trade sizing to prevent overexposure.
📈 Backtesting & Strategy Settings
Tested on BTC/USD (4-hour timeframe) using realistic risk settings.
ATR-based stop-loss and trailing stop improve drawdown control.
Backtesting results may vary based on timeframe and market conditions.
⚠️ Risk Disclaimer
This strategy does not guarantee future profits. Past performance in backtesting does not predict future success.
Always use proper risk management and test strategies in a demo environment before trading live.
Adjust settings based on your risk tolerance and market conditions.
📌 How to Use
1️⃣ Add the script to your TradingView chart.
2️⃣ Adjust EMA, RSI, MACD, ATR, and Volume settings as needed.
3️⃣ Enable alerts to receive real-time buy/sell notifications.
4️⃣ Backtest on different timeframes to optimize performance.
5️⃣ Trade responsibly and monitor market conditions.
🔹 Strategy Type: Trend-Following
🔹 Best Used On: Crypto, Forex, and Stock Markets
🔹 Works On: Any timeframe (4H & 1D recommended for swing trading)
💡 Turn on Money Printer V3 and let the strategy do the work! 🚀
4 EMAs with Labels4 EMAs with Labels
This simple, clean indicator displays four Exponential Moving Averages (EMAs) with customizable periods, each accompanied by a clear label directly on the chart.
Features:
Four pre-configured EMAs (21, 50, 100, and 200 periods)
Fully customizable periods, colors, and labels
Clear on-chart labels that identify each EMA
Option to show/hide individual EMAs
Compact label formatting with adjustable position
Perfect for traders who want to track key moving averages without having to remember which color represents which period. The default configuration includes the most commonly used EMAs for trend identification and support/resistance analysis.
Easily customize this indicator to fit your personal trading strategy and visual preferences while maintaining a clean, uncluttered chart.
RSI Signal with filters by S.Kodirov📌 English
RSI Signal with Multi-Timeframe Filters
This TradingView indicator generates RSI-based buy and sell signals on the 15-minute timeframe with additional filtering from other timeframes (5M, 30M, 1M).
🔹 Signal Types:
✅ 15/5B & 15/5S – RSI 15M filtered by 5M
✅ 15/30/1B & 15/30/1S – RSI 15M filtered by 30M & 1M
✅ 15B & 15S – RSI 15M without filters
🔹 How It Works:
Signals are displayed as colored triangles on the chart.
Labels indicate the type of signal (e.g., 15/5B, 15S).
Alerts notify users when a signal appears.
🚀 Best for short-term trading with RSI confirmation from multiple timeframes!
📌 Русский
Индикатор RSI с мульти-таймфрейм фильтрами
Этот индикатор для TradingView генерирует сигналы покупки и продажи на 15-минутном таймфрейме, используя фильтрацию с других таймфреймов (5M, 30M, 1M).
🔹 Типы сигналов:
✅ 15/5B & 15/5S – RSI 15M с фильтром 5M
✅ 15/30/1B & 15/30/1S – RSI 15M с фильтрами 30M и 1M
✅ 15B & 15S – RSI 15M без фильтров
🔹 Как это работает:
Сигналы отображаются как цветные треугольники на графике.
Подписи показывают тип сигнала (например, 15/5B, 15S).
Алерты уведомляют трейдера о появлении сигнала.
🚀 Идеально для краткосрочной торговли с подтверждением RSI на нескольких таймфреймах!
📌 O'zbekcha
Ko'p vaqt oralig‘idagi RSI signallari
Ushbu TradingView indikatori 15 daqiqalik vaqt oralig‘ida RSI asosida sotib olish va sotish signallarini yaratadi. Bundan tashqari, boshqa vaqt oralig‘idagi (5M, 30M, 1M) RSI filtrlarini ham hisobga oladi.
🔹 Signal turlari:
✅ 15/5B & 15/5S – 5M bilan filtrlangan RSI 15M
✅ 15/30/1B & 15/30/1S – 30M va 1M bilan filtrlangan RSI 15M
✅ 15B & 15S – Filtrsiz RSI 15M
🔹 Qanday ishlaydi?
Signallar rangli uchburchaklar shaklida ko‘rsatiladi.
Yozuvlar signal turini ko‘rsatadi (masalan, 15/5B, 15S).
Xabarnomalar yangi signal paydo bo‘lganda treyderni ogohlantiradi.
🚀 Ko‘p vaqt oralig‘ida RSI tasdig‘i bilan qisqa muddatli savdo uchun ideal!
EMA 9 & 20, SMA 20, VWAPThe script plots four key indicators on a price chart: the 9-period Exponential Moving Average (EMA) in blue, the 20-period Exponential Moving Average (EMA) in yellow, the 20-period Simple Moving Average (SMA) in red with circles, and the Volume Weighted Average Price (VWAP) in white. These indicators help traders analyze trends, identify potential support/resistance levels, and assess the average price based on volume, providing valuable insights into market behavior and price action.
EMA: Technical Analysis Tool - PanelAnalysis Tool
PANEL
EMA
9/21
8/20
50
RSI
Psar
Macd
Can turn off/on whatever you find useful
EMA 8 & 21, VWAPThe script plots the 8-period and 21-period Exponential Moving Averages (EMA) along with the Volume-Weighted Average Price (VWAP) to help traders analyze trend direction and key price levels. The **8 EMA (yellow)** reacts quickly to price movements, while the **21 EMA (white)** provides a smoother trend signal. The **VWAP (green)** acts as a dynamic support and resistance level, commonly used by institutional traders to gauge fair value. This combination helps identify momentum shifts, trend strength, and potential trade opportunities.
ترکیب اندیکاتورها برای سیگنالهای پیشرفته//@version=5
indicator("ترکیب اندیکاتورها برای سیگنالهای پیشرفته", overlay=true)
// تنظیمات پارامترهای اندیکاتورها
fast_length = input.int(9, title="طول دوره MA سریع")
slow_length = input.int(21, title="طول دوره MA کند")
rsi_length = input.int(14, title="طول دوره RSI")
macd_fast_length = input.int(12, title="طول دوره MACD سریع")
macd_slow_length = input.int(26, title="طول دوره MACD کند")
macd_signal_length = input.int(9, title="طول دوره سیگنال MACD")
// محاسبه میانگینهای متحرک
fast_ma = ta.sma(close, fast_length)
slow_ma = ta.sma(close, slow_length)
// محاسبه RSI
rsi = ta.rsi(close, rsi_length)
// محاسبه MACD
= ta.macd(close, macd_fast_length, macd_slow_length, macd_signal_length)
// شرایط برای سیگنالها
buy_condition = (ta.crossover(fast_ma, slow_ma)) and (rsi < 30) and (macd_line > signal_line)
sell_condition = (ta.crossunder(fast_ma, slow_ma)) and (rsi > 70) and (macd_line < signal_line)
// نمایش سیگنالها روی نمودار
plotshape(series=buy_condition, title="سیگنال خرید", location=location.belowbar, color=color.green, style=shape.labelup, text="خرید")
plotshape(series=sell_condition, title="سیگنال فروش", location=location.abovebar, color=color.red, style=shape.labeldown, text="فروش")
// هشدارها برای سیگنالها
alertcondition(buy_condition, title="سیگنال خرید", message="سیگنال خرید ایجاد شد!")
alertcondition(sell_condition, title="سیگنال فروش", message="سیگنال فروش ایجاد شد!")
EMA Cross🔥EMA Cross – Multi-Timeframe Trend & Crossover Indicator⚡
📌 Overview
The EMA Cross Indicator is a trend-following tool designed to help traders identify market trends and potential trade opportunities using Exponential Moving Averages (EMAs). It provides clear crossover signals, allowing traders to spot trend reversals and momentum shifts with precision.
📌 Concept & Working Mechanism
1. Multi-Timeframe EMAs:
- Plots two customizable EMAs (Fast EMA & Slow EMA) that can be set to any timeframe.
- Helps traders determine short-term and long-term trend direction.
2. EMA Crossover Signals:
- Golden Cross (Bullish Signal): Occurs when the fast EMA crosses above the slow EMA, indicating a potential uptrend.
- Death Cross (Bearish Signal): Occurs when the fast EMA crosses below the slow EMA, signaling a possible downtrend.
3. Customizable Crossover Alerts:
- Choose from different shapes (arrow, triangle, circle, cross) to highlight EMA crossovers for better visualization.
- Helps traders quickly recognize trend shifts on the chart.
4. Dynamic Trend Adaptation:
- Supports timeframe selection to analyze trends from different perspectives.
- Works across all asset classes, including Forex, Crypto, Stocks, and Commodities.
📌 How to Use
1- Trend Confirmation: Use the EMA direction and crossover signals to validate trend strength.
2- Entry & Exit Strategy:
3- Enter long trades after a Golden Cross, indicating bullish momentum.
4- Enter short trades after a Death Cross, signaling bearish pressure.
5- Custom Alerts & Visuals: Customize crossover signals for clear trade identification.
📌 Why Use This Indicator?
✅ Multi-timeframe EMAs for accurate trend analysis.
✅ Clear crossover signals for easy trade execution.
✅ Customizable shapes for crossover visualization.
✅ Works on all markets and trading styles.
High Win Rate Trading Strategy Alerts//@version=5
indicator("High Win Rate Trading Strategy Alerts", overlay=true)
// Input settings
emaLength = input(20, title="EMA Length")
rsiLength = input(14, title="RSI Length")
fibLevel1 = input(0.382, title="Fib 38.2% Level")
fibLevel2 = input(0.5, title="Fib 50% Level")
// Indicators
ema20 = ta.ema(close, emaLength)
rsi = ta.rsi(close, rsiLength)
// Fibonacci Levels (Manual Plotting Needed)
highPrice = ta.highest(high, 50) // Adjust 50 for swing selection
lowPrice = ta.lowest(low, 50)
fib38 = highPrice - (highPrice - lowPrice) * fibLevel1
fib50 = highPrice - (highPrice - lowPrice) * fibLevel2
// Buy Setup Conditions
buySetup = (close > ema20) and (close <= fib50 and close >= fib38) and (rsi > 40) and (rsi < 70)
// Sell Setup Conditions
sellSetup = (close < ema20) and (close >= fib50 and close <= fib38) and (rsi < 60) and (rsi > 30)
// Alerts
alertcondition(buySetup, title="BUY Setup Alert", message="Buy Setup: Price at Fibonacci 38.2%-50%, EMA 20 confirmed, RSI strong.")
alertcondition(sellSetup, title="SELL Setup Alert", message="Sell Setup: Price at Fibonacci 38.2%-50%, EMA 20 confirmed, RSI weak.")
// Plot Signals on Chart
plotshape(buySetup, location=location.belowbar, color=color.green, style=shape.labelup, title="BUY Alert")
plotshape(sellSetup, location=location.abovebar, color=color.red, style=shape.labeldown, title="SELL Alert")
plot(ema20, title="EMA 20", color=color.blue)
EMA Cross Alert (5m EMA, Custom Timeframe Opposite Candle)9/21 cross 5m
2m entry
alert - helps with entry on opposite candle
EMA 9 & 20, SMA 20The script plots three moving averages on a price chart: the 9-period Exponential Moving Average (EMA) in blue, the 20-period Exponential Moving Average (EMA) in yellow, and the 20-period Simple Moving Average (SMA) in red with a dotted line style. These moving averages assist traders in identifying market trends and potential support/resistance levels.
EMA 8 & 21The script plots the 8-period and 21-period Exponential Moving Averages (EMA) to help traders identify short-term trend direction and momentum shifts. The 8 EMA (yellow) reacts faster to price changes, while the 21 EMA (white) provides a smoother trend signal. Crossovers between these EMAs can indicate potential buy or sell opportunities.
EMA 8 & 21, SMA 20 & 50The script plots two Exponential Moving Averages (EMA) and two Simple Moving Averages (SMA) to help traders analyze market trends. The 8-period and 21-period EMAs (yellow and white) track short-term momentum, while the 20-period and 50-period SMAs (blue and purple) provide insights into longer-term trends and key support/resistance levels.
Estrategia RSI + EMAsIndicadores:
RSI: Calculado con un período de 14. Considera que está sobrecomprado cuando el valor es mayor a 70 y sobrevendido cuando es menor a 30.
EMA50 y EMA200: Son las medias móviles exponenciales con períodos de 50 y 200, respectivamente.
Condiciones de compra:
El RSI debe estar por debajo de 30 (condición de sobreventa).
La EMA 50 debe estar por encima de la EMA 200 (indica una tendencia alcista).
El precio debe cruzar hacia arriba la EMA 50.
Condiciones de venta:
El RSI debe estar por encima de 70 (condición de sobrecompra).
La EMA 50 debe estar por debajo de la EMA 200 (indica una tendencia bajista).
El precio debe cruzar hacia abajo la EMA 50.
Señales visuales:
Se muestra un label verde debajo de la barra cuando se genera una señal de compra (Long).
Se muestra un label rojo encima de la barra cuando se genera una señal de venta (Short).
Alertas:
El script también tiene configuradas alertas para que puedas configurar notificaciones cuando se cumplan las condiciones para compra o venta.
Date Display with Bar Counter and EMA===== ENGLISH DESCRIPTION =====
OVERVIEW:
This is a multi-function indicator that combines three useful tools in one script:
1. Date Display - Shows current date and symbol information in a customizable table
2. Bar Counter - Displays sequential bar numbers at specified intervals
3. EMA (Exponential Moving Average) - Plots an EMA line with customizable settings
FEATURES:
1. DATE DISPLAY:
- Shows date in full format (e.g., "Mon ∙ January 1, 2023") or short format (e.g., "Mon ∙ 01.01.23")
- Option to show/hide day of week
- Option to show/hide symbol and timeframe information
- Customizable table position (top/middle/bottom, left/center/right)
- Automatic color adjustment based on chart background
2. BAR COUNTER:
- Displays sequential bar numbers below price bars
- Customizable display frequency (every X bars)
- Special handling for Hong Kong futures (resets at market open)
- Different reset logic based on timeframe (daily, weekly, monthly)
- Customizable text size and color
3. EMA INDICATOR:
- Customizable period length (default: 20)
- Option to use different timeframe for calculation
- Option to wait for timeframe close for more stable signals
- Customizable line color
USAGE INSTRUCTIONS:
- After adding the indicator to your chart, customize settings in the "Format" panel
- The Date Display table will appear at your chosen position on the chart
- Bar numbers will appear below price bars at your specified frequency
- The EMA line will be plotted on the chart with your chosen settings
- Colors automatically adjust to light/dark chart themes
===== 中文说明 =====
概述:
这是一个多功能指标,将三个实用工具合并为一个脚本:
1. 日期显示 - 在可自定义的表格中显示当前日期和交易品种信息
2. K线计数器 - 按指定间隔显示K线序号
3. EMA指数移动平均线 - 绘制可自定义设置的EMA线
功能特点:
1. 日期显示:
- 支持完整格式(如"Mon ∙ January 1, 2023")或简短格式(如"Mon ∙ 01.01.23")
- 可选择显示/隐藏星期几
- 可选择显示/隐藏交易品种和时间周期信息
- 可自定义表格位置(顶部/中部/底部,左侧/中间/右侧)
- 根据图表背景自动调整颜色
2. K线计数器:
- 在价格K线下方显示序号
- 可自定义显示频率(每X根K线)
- 对香港期货有特殊处理(在开市时重置)
- 根据时间周期(日线、周线、月线)使用不同的重置逻辑
- 可自定义文字大小和颜色
3. EMA指标:
- 可自定义周期长度(默认:20)
- 可选择使用不同的时间周期进行计算
- 可选择等待时间周期结束以获得更稳定的信号
- 可自定义线条颜色
使用说明:
- 将指标添加到图表后,在"格式"面板中自定义设置
- 日期显示表格将出现在您选择的图表位置
- K线序号将按您指定的频率显示在价格K线下方
- EMA线将根据您选择的设置绘制在图表上
- 颜色会根据浅色/深色图表主题自动调整
*/
Custom MACrossOverLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
Candle Trend ConfirmationCandle Trend Confirmation Indicator
The "Candle Trend Confirmation" indicator This indicator leverages an Exponential Moving Average (EMA) to visually confirm market trends through dynamic coloring of the EMA line, a shading effect, and candle color changes. It aims to help traders quickly identify strong trends and consolidation phases, enhancing decision-making in various market conditions.
Key Features
Customizable EMA Period:
Traders can adjust the EMA period via an input parameter, with a default setting of 20 periods. This flexibility allows the indicator to adapt to different timeframes and trading strategies.
Pip Threshold for Trend Strength:
A user-defined pip threshold (default set to 0.02) determines the distance from the EMA required to classify a trend as "strong." This parameter can be fine-tuned to suit specific instruments, such as forex pairs, cryptocurrencies, or stocks, where pip values may differ.
Trend Detection Logic:
Strong Uptrend: The closing price must be above the EMA by at least the pip threshold (e.g., 2 pips) and show consistent upward movement over the last three bars (current close > previous close > close two bars ago).
Strong Downtrend: The closing price must be below the EMA by at least the pip threshold and exhibit consistent downward movement over the last three bars.
Consolidation: Any price action that doesn’t meet the strong trend criteria is classified as a consolidation phase.
Dynamic Coloring:
EMA Line: Displayed using the line.new function, the EMA changes color based on trend conditions: green for a strong uptrend, red for a strong downtrend, and purple for consolidation. The line is drawn only for the most recent bar to maintain chart clarity.
Candles: Candlestick colors mirror the trend state—green for strong uptrends, red for strong downtrends, and purple for consolidation—using the barcolor function, providing an immediate visual cue.
Shading Effect: Two dashed lines are drawn above and below the EMA (at half the pip threshold distance) to create a subtle shading zone. These lines adopt a semi-transparent version of the EMA’s color, enhancing the visual representation of the trend’s strength.
How It Works
The indicator calculates the EMA based on the closing price and compares the current price to this average. By incorporating a pip-based threshold and a three-bar confirmation, it filters out noise and highlights only significant trend movements. The use of line.new instead of plot ensures compatibility with certain TradingView environments and offers a lightweight way to render the EMA and shading lines on the chart.
Usage
Trend Identification: Green signals a strong bullish trend, ideal for potential long entries; red indicates a strong bearish trend, suitable for short opportunities; purple suggests a range-bound market, where caution or range-trading strategies may apply.
Customization: Adjust the EMA period and pip threshold in the indicator settings to match your trading style or the volatility of your chosen market. For example, forex traders might set the threshold to 0.0002 for 2 pips on EUR/USD, while crypto traders might use 2.0 for BTC/USD.
Visual Clarity: The combination of EMA coloring, shading, and candle highlights provides a comprehensive view of market dynamics at a glance.
My Strategy//@version=5
strategy("My Strategy", overlay = true)
// Create Indicator's
ema1 = ta.ema(close, 8)
ema2 = ta.ema(close, 18)
ema3 = ta.ema(close, 44)
//plot the Indicators
plot(ema1, title = "EMA1", color = color.blue, linewidth = 2)
plot(ema2, title = "EMA2", color = color.red, linewidth = 2)
plot(ema3, title = "EMA3", color = color.black, linewidth = 2)
// Specify crossover conditions
Enterlong = ta.crossover(ema2, ema3)
Exitlong = ta.crossunder(ema1,ema2)
Entershort = ta.crossunder(ema2, ema3)
Exitshort = ta.crossover(ema1,ema2)
//Execution Logic - Placing Orders
strategy.entry("Long", strategy.long, 1, when = Enterlong)
strategy.close("Long", when = Exitlong)
strategy.entry("Short", strategy.short, 1, when = Entershort)
strategy.close("Short", when = Exitshort)
Mushir's EMA 8/20EMA 8/20 is an indicator made by @MushirSpeaks, which gives the trend condition of the selected timeframe.
The EMA 20 is represented with a blue color and the EMA 8 is represented subjectively,
when EMA 8 is above EMA 20 the color of EMA 8 becomes green which indicates that the market is in uptrend and a long trade can be planned upon the successful testing and structure formations, whereas when the EMA 8 is below the EMA 20 the color of EMA 8 turn red hence denoting that the trend has shifted to downtrend and accordingly a short trade can be planned.
(Not Financial Advice)