PROTECTED SOURCE SCRIPT
Updated 4-EMA Trend
This indicator can be used to visualize when price is above or below special exponential moving averages (8, 21, 50 and 200) that are also displayed on the chart. A green or red background is plotted then, that can be followed as a trend. You can define the amount of risk (e.g. in $) and the number of previous bars that will be used to calculate the stop loss. For the stop loss a label is shown (long or short) that displays the quantity to buy or sell for your defined risk. It is recommend to use the indicator in combination with my Stochastic & RSI (see chart) to enter trades long or short when stochastic is overbought or oversold and RSI above or below 50.
US100
US100Release Notes
Update trend indication: ema8 has to be above / below slower emaRelease Notes
EMA description and length adjustedRelease Notes
Show stop loss buy or sell depending price above or below slowest EMARelease Notes
SMA 40 added as special pullback indicatorRelease Notes
Added alerts for long or short trend changeRelease Notes
Add MTF support for slow EMAsRelease Notes
SMA replaced by EMA for trend detectionRelease Notes
Length of EMAs can be setRelease Notes
MTF EMA not displayed by default, 20, 50, 200 ema default lengthRelease Notes
ATR Stop added as dots (bullish, bearish)Release Notes
Input option for ema fast and middle lengthRelease Notes
EMA Ribbon added with option to hide itRelease Notes
Alert when price is close to trend EMA (default 200 EMA)Release Notes
Performance improved, ema ribbon removedRelease Notes
TEMA for trend includedRelease Notes
TEMA with custom length, pine version 5Release Notes
Refactoring and 4th ema addedRelease Notes
ATR stoploss multiplier addedRelease Notes
Added real price display for Heikin Ashi chart typeRelease Notes
Labels for engulfing candles addedRelease Notes
Engulfing pattern bug fixedRelease Notes
Barcolor for engulfing addedRelease Notes
Engulging candles added and atr to 10Release Notes
Volatility Stop Length addedRelease Notes
Inside bar added as candlestick patternRelease Notes
Inside bar without colorProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
To access my invite-only indicators you have to become a TG Member on my patreon: patreon.com/TradingGuide
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
To access my invite-only indicators you have to become a TG Member on my patreon: patreon.com/TradingGuide
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.