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Stacked EMAs

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Momentum Indicator (MOM) Exponential Moving Average (EMA) Trend Analysis stacked EMAS trend trendstrength momemtum ttmsqueeze squeeze multitimeframeanalysis
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momentum ema trendanalysis stacked emas trend trendstrength momemtum ttmsqueeze squeeze multitimeframeanalysis
Stacked Daily & Weekly EMAs + Labels

Pretty much self-explanatory indicator that shows the current momentum based on the key exponential moving averages.

Three stages of the EMAs:
1. Stacked Positively (Bullish) - EMAs are stacked on top of each other which represents a healthy bullish uptrend (green Label).
2. Stacked Negatively (Bearish) - EMAs are stacked below each other meaning the trend is bearish (red label).
3. Stacked Neutral (Neutral) - EMAs are crossing each other without any clear direction = chop (yellow label).

Hope it helps.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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