4-EMA Trend

This indicator can be used to visualize when price is above or below special exponential moving averages (8, 21, 50 and 200) that are also displayed on the chart. A green or red background is plotted then, that can be followed as a trend. You can define the amount of risk (e.g. in $) and the number of previous bars that will be used to calculate the stop loss. For the stop loss a label is shown (long or short) that displays the quantity to buy or sell for your defined risk. It is recommend to use the indicator in combination with my Stochastic & RSI (see chart) to enter trades long or short when stochastic is overbought or oversold and RSI above or below 50.

US100

ملاحظات الأخبار:

Update trend indication: ema8 has to be above / below slower ema

ملاحظات الأخبار:

EMA description and length adjusted

ملاحظات الأخبار:

Show stop loss buy or sell depending price above or below slowest EMA

ملاحظات الأخبار:

SMA 40 added as special pullback indicator

ملاحظات الأخبار:

Added alerts for long or short trend change

ملاحظات الأخبار:

Add MTF support for slow EMAs

ملاحظات الأخبار:

SMA replaced by EMA for trend detection

ملاحظات الأخبار:

Length of EMAs can be set

ملاحظات الأخبار:

MTF EMA not displayed by default, 20, 50, 200 ema default length

ملاحظات الأخبار:

ATR Stop added as dots (bullish, bearish)

ملاحظات الأخبار:

Input option for ema fast and middle length

ملاحظات الأخبار:

EMA Ribbon added with option to hide it

ملاحظات الأخبار:

Alert when price is close to trend EMA (default 200 EMA)

ملاحظات الأخبار:

Performance improved, ema ribbon removed

ملاحظات الأخبار:

TEMA for trend included

ملاحظات الأخبار:

TEMA with custom length, pine version 5

ملاحظات الأخبار:

Refactoring and 4th ema added

ملاحظات الأخبار:

ATR stoploss multiplier added

ملاحظات الأخبار:

Added real price display for Heikin Ashi chart type

ملاحظات الأخبار:

Labels for engulfing candles added

ملاحظات الأخبار:

Engulfing pattern bug fixed

ملاحظات الأخبار:

Barcolor for engulfing added

ملاحظات الأخبار:

Engulging candles added and atr to 10

ملاحظات الأخبار:

Volatility Stop Length added

ملاحظات الأخبار:

Inside bar added as candlestick pattern

ملاحظات الأخبار:

Inside bar without color