EMA30 Band Breakout by EL COBERA trend-following indicator that wraps price in a band built from two EMAs, 30-period EMA of highs and 30-period EMA of lows, and signals when price breaks out to a new swing beyond its previous one. A 200-period EMA acts as the trend filter.
How it works
The band. The space between the EMA30 High and EMA30 Low is shaded according to where price is closing:
Green: close is above the EMA30 High (bullish pressure)
Yellow: close is inside the band (neutral / consolidation)
Red: close is below th
Indicator























