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

הערות שחרור:

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

הערות שחרור:

EMA description and length adjusted

הערות שחרור:

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

הערות שחרור:

SMA 40 added as special pullback indicator

הערות שחרור:

Added alerts for long or short trend change

הערות שחרור:

Add MTF support for slow EMAs

הערות שחרור:

SMA replaced by EMA for trend detection

הערות שחרור:

Length of EMAs can be set

הערות שחרור:

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

הערות שחרור:

ATR Stop added as dots (bullish, bearish)

הערות שחרור:

Input option for ema fast and middle length

הערות שחרור:

EMA Ribbon added with option to hide it

הערות שחרור:

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

הערות שחרור:

Performance improved, ema ribbon removed

הערות שחרור:

TEMA for trend included

הערות שחרור:

TEMA with custom length, pine version 5

הערות שחרור:

Refactoring and 4th ema added

הערות שחרור:

ATR stoploss multiplier added

הערות שחרור:

Added real price display for Heikin Ashi chart type

הערות שחרור:

Labels for engulfing candles added

הערות שחרור:

Engulfing pattern bug fixed

הערות שחרור:

Barcolor for engulfing added

הערות שחרור:

Engulging candles added and atr to 10

הערות שחרור:

Volatility Stop Length added

הערות שחרור:

Inside bar added as candlestick pattern

הערות שחרור:

Inside bar without color