Shows you how the asset on the chart is trending versus the market. You can customise the market that it uses, and there are some common markets programmed in as options.
Displays moving averages and a simple red/green bias.
You could do this yourself by typing, e.g., ADAUSDT/TOTAL into the asset box in TradingView and adding some EMAs manually and then interpreting them by eye. There's no hidden technology in this indicator. It just makes it a lot easier.
You can choose various bias options.
I'm not sure if it will work at resolutions lower than one day, depending on the level of your TradingView plan.

These are all the user-configurable settings and what they do.
  • Market (Auto) – Choose from various preselected markets.
  • Market Ticker Manual Override – You can type in the ticker for your market if it's not in the list. If you do, it overrides the Auto list.
  • Show Classic EMAs – Show customisable Exponential Moving Averages.
  • Bias Mode – Derive the red/green bias from whether price is above/below the Classic EMAs, or from a custom EMA function, or both.
  • Show Bias Background – Colour the background, or not, with the directional bias.
  • EMA 1 Length (smallest) – The length for the smallest EMA.
  • EMA 2 Length – Length for the second EMA.
  • EMA 3 Length – Length for the third EMA.

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.


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.

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