OPEN-SOURCE SCRIPT
EMA 4H

This indicator is a streamlined trend-following tool designed specifically for the **4-Hour (4H)** timeframe. It combines two key Exponential Moving Averages (EMA) to help traders identify short-term momentum and dynamic support/resistance levels with reduced noise.
**Key Components:**
* **EMA 9 (Green Line):** The "Trigger" line. It reacts quickly to price action, representing immediate short-term momentum.
* **EMA 21 (Dark Blue Line):** The "Trend" line. It serves as a dynamic support/resistance zone and acts as a filter to keep you on the right side of the trend.
**Why the 4H Timeframe?**
The 4-hour chart offers a sweet spot between the noise of lower timeframes (15m, 1H) and the lag of daily charts. This setup allows for swing trading and intraday positioning with higher reliability.
**How to Use This Strategy:**
1. **Trend Identification (Crossovers):**
* **Bullish Bias:** When the EMA 9 crosses **above** the EMA 21. Look for long positions.
* **Bearish Bias:** When the EMA 9 crosses **below** the EMA 21. Look for short positions.
2. **Dynamic Support & Resistance (Pullbacks):**
* In a strong trend, price often pulls back to test the area between the EMA 9 and EMA 21. This "zone" often acts as a high-value entry point if price action shows rejection (wicks).
3. **Trend Strength:**
* **Wide Gap:** If the space between the Green and Blue lines is expanding, the trend is strengthening.
* **Narrow Gap:** If the lines are flat or intertwining, the market is ranging (choppy). It is best to wait for a breakout.
**Settings:**
* Default inputs are set to **9** and **21**, optimized for H4.
* Fully customizable via the settings menu to fit other strategies or assets (Crypto, Forex, Stocks).
**Disclaimer:**
This script is for educational and technical analysis purposes only. Always manage your risk and use stop losses.
**Key Components:**
* **EMA 9 (Green Line):** The "Trigger" line. It reacts quickly to price action, representing immediate short-term momentum.
* **EMA 21 (Dark Blue Line):** The "Trend" line. It serves as a dynamic support/resistance zone and acts as a filter to keep you on the right side of the trend.
**Why the 4H Timeframe?**
The 4-hour chart offers a sweet spot between the noise of lower timeframes (15m, 1H) and the lag of daily charts. This setup allows for swing trading and intraday positioning with higher reliability.
**How to Use This Strategy:**
1. **Trend Identification (Crossovers):**
* **Bullish Bias:** When the EMA 9 crosses **above** the EMA 21. Look for long positions.
* **Bearish Bias:** When the EMA 9 crosses **below** the EMA 21. Look for short positions.
2. **Dynamic Support & Resistance (Pullbacks):**
* In a strong trend, price often pulls back to test the area between the EMA 9 and EMA 21. This "zone" often acts as a high-value entry point if price action shows rejection (wicks).
3. **Trend Strength:**
* **Wide Gap:** If the space between the Green and Blue lines is expanding, the trend is strengthening.
* **Narrow Gap:** If the lines are flat or intertwining, the market is ranging (choppy). It is best to wait for a breakout.
**Settings:**
* Default inputs are set to **9** and **21**, optimized for H4.
* Fully customizable via the settings menu to fit other strategies or assets (Crypto, Forex, Stocks).
**Disclaimer:**
This script is for educational and technical analysis purposes only. Always manage your risk and use stop losses.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.