EMA Crossover Candles

7 hours ago

EMA Crossover Candles
This indicator colors your chart candles based on the relationship between two Exponential Moving Averages (EMAs).
How It Works

Green Candles - When the Fast EMA is above the Slow EMA, indicating bullish momentum
Red Candles - When the Fast EMA is below the Slow EMA, indicating bearish momentum

Settings

Source - The price data used for EMA calculations (default: close)
Fast Length - Period for the fast EMA (default: 5)
Slow Length - Period for the slow EMA (default: 10)

How To Use
This indicator provides a quick visual reference for trend direction. Green candles suggest the short-term trend is bullish, while red candles suggest bearish conditions. This can help you:

Identify trend direction at a glance
Filter trades in the direction of the trend
Spot potential trend changes when candle colors shift

Tips

Adjust the Fast and Slow Length settings to match your trading timeframe
Shorter periods = more responsive but more false signals
Longer periods = smoother but slower to react to trend changes
Consider hiding default candles in Chart Settings for a cleaner look

Note: This indicator is for informational purposes only and should not be used as the sole basis for trading decisions. Always use proper risk management and consider combining with other forms of analysis.

Feel free to modify this to match your style or add any additional details you'd like to include.Claude is AI and can make mistakes. Please double-check responses. Opus 4.5

6 hours ago

Release Notes

**EMA Crossover Candles**

This indicator colors your chart candles based on the relationship between two Exponential Moving Averages (EMAs) and provides alerts when crossovers occur.

**How It Works**

- **Green Candles** - When the Fast EMA is above the Slow EMA, indicating bullish momentum
- **Red Candles** - When the Fast EMA is below the Slow EMA, indicating bearish momentum
- **Triangle Markers** - Visual signals appear on the chart when crossovers occur

**Settings**

- **Source** - The price data used for EMA calculations (default: close)
- **Fast Length** - Period for the fast EMA (default: 5)
- **Slow Length** - Period for the slow EMA (default: 10)

**Alerts**

This indicator includes three alert options:

- **Bullish Crossover** - Triggers when the Fast EMA crosses above the Slow EMA and candles turn green
- **Bearish Crossover** - Triggers when the Fast EMA crosses below the Slow EMA and candles turn red
- **Any Crossover** - Triggers on either bullish or bearish crossover

**How To Set Up Alerts**

1. Add the indicator to your chart
2. Right-click on the chart and select "Add Alert" (or press Alt+A)
3. In the Condition dropdown, select "EMA Crossover Candles"
4. Choose your alert type (Bullish Crossover, Bearish Crossover, or Any Crossover)
5. Set your notification preferences (popup, email, sound, webhook, etc.)
6. Click "Create"

**How To Use**

This indicator provides a quick visual reference for trend direction. Green candles suggest the short-term trend is bullish, while red candles suggest bearish conditions. This can help you:

- Identify trend direction at a glance
- Filter trades in the direction of the trend
- Spot potential trend changes when candle colors shift
- Get notified of trend changes in real-time with alerts

**Tips**

- Adjust the Fast and Slow Length settings to match your trading timeframe
- Shorter periods = more responsive but more false signals
- Longer periods = smoother but slower to react to trend changes
- Consider hiding default candles in Chart Settings for a cleaner look
- Set up alerts on multiple timeframes for confluence signals

**Note:** This indicator is for informational purposes only and should not be used as the sole basis for trading decisions. Always use proper risk management and consider combining with other forms of analysis.