RSI & EMA Indicator

Multi-Timeframe EMA & RSI Analysis with Trend Merging Detection

Overview
This script provides traders with a multi-timeframe analysis tool that simplifies trend detection, momentum confirmation, and potential trend shifts. It integrates Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) across Daily, Weekly, and Monthly timeframes, helping traders assess both long-term and short-term market conditions at a glance.

This script is a simplification and modification of the EMA Cheatsheet by MarketMoves, reducing chart clutter while adding EMA merging detection to highlight potential trend reversals or breakouts.

Originality and Usefulness
Unlike traditional indicators, which focus on a single timeframe, this script combines multiple timeframes in a single view to offer a comprehensive market outlook.

What Makes This Indicator Unique?
This Indicator to Combine RSI and EMA Clouds for Multiple Timeframes
Multi-Timeframe Trend Analysis in One Visual Tool
EMA Merging Detection to Spot Trend Shifts Early
Momentum Validation Using RSI Across Daily, Weekly, and Monthly Timeframes
Reduces Chart Clutter While Providing Actionable Trade Signals

I couldn't find a TradingView indicator that displayed RSI and EMA clouds together across Daily, Weekly, and Monthly timeframes. This tool bridges that gap, allowing traders to see trend strength and momentum shifts across key timeframes without switching charts.

How the Script Works

1. Trend Direction via EMAs
The script tracks Short-term (5 & 12-period), Medium-term (34 & 50-period), and Long-term (72 & 89-period) EMAs across Daily, Weekly, and Monthly timeframes.

Bullish trend: When faster EMAs are above slower EMAs.
Bearish trend: When faster EMAs are below slower EMAs.
A visual table simplifies trend recognition with:
Green cells for bullish alignment.
Red cells for bearish alignment.
This color-coded system allows traders to quickly assess market momentum across different timeframes without excessive manual analysis.

2. Momentum Confirmation with RSI
The RSI(14) values for Daily, Weekly, and Monthly timeframes are displayed alongside the EMAs.

RSI above 70 suggests overbought conditions.
RSI below 30 suggests oversold conditions.
By combining RSI with EMA trends, traders can confirm whether momentum supports the trend direction or if the market is losing strength.

3. Trend Shift Detection (EMA Merging Mechanism)
A unique feature of this script is EMA merging detection, which occurs when:

The short, medium, and long-term EMAs come within 0.5% of the price.
This often signals trend reversals, breakouts, or consolidations.
When this condition is met, a warning signal appears, alerting traders to potential market shifts.


Who This Indicator Is For?
This script is designed for traders who want to track trends across multiple timeframes while keeping a clean and simplified chart.

Swing & Position Traders – Identify strong trends and potential momentum shifts for longer-term trades.

Trend Followers – Stay aligned with major market trends and avoid trading against momentum.
Day Traders – Use the Daily timeframe for entries while referencing higher timeframes for confirmation.

How to Use the Indicator

Add the indicator to any chart.
Check the trend table in the top-right corner:
Green cells indicate a bullish trend.
Red cells indicate a bearish trend.
Look at RSI values to confirm momentum:
RSI above 70 = Overbought.
RSI below 30 = Oversold.
Watch for the "Merge" alert to spot potential reversals or consolidations.
Combine signals from multiple timeframes for stronger trade decisions.

Why This Indicator is Unique on TradingView?

Before this script, no TradingView indicator displayed RSI and EMA clouds together across multiple timeframes (Daily, Weekly, Monthly).

This tool eliminates the need to:

Manually check multiple timeframes for trend alignment.
Add multiple EMA and RSI indicators to the same chart, creating clutter.
Constantly switch between different timeframes to confirm momentum and trend direction.
With this indicator, traders can see trend strength and momentum shifts instantly, improving their decision-making process.

Chart Guidelines

The script is designed for use on a clean chart to maximize clarity.
The trend alignment table is displayed in a non-intrusive manner so traders can focus on price action.
No additional indicators are required, but users may combine this script with volume-based indicators for further confirmation.
The script name and timeframe should always be visible on published charts to help traders understand the analysis.

Final Notes

This script is a simplification and modification of the EMA Cheatsheet by MarketMoves, improving trend detection, momentum confirmation, and EMA merging detection.

It is designed to help traders quickly identify trend direction, confirm momentum, and detect potential trend shifts, reducing the need for excessive manual analysis.

Disclaimer: This indicator is for educational purposes only and does not constitute financial advice. Trading involves risk; always use proper risk management when applying this tool in live markets.