Trading Department Pro
If the price is above the band, the setup is considered bullish.
If the price is below the band, the setup is considered bearish.
If the price is between the EMAs, the signal is neutral.
The band turns green when the fast EMA 8 is above the slower EMA 21, and red when the EMA 8 is below. Additionally, arrows may appear when the price breaks above or below the band. Optionally, the background can also be colored according to market conditions.
This setup is suitable for trend-following strategies and is often used as a basis for trading pullbacks within an ongoing trend or identifying rapid momentum shifts.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact phenk53 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact phenk53 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.