OPEN-SOURCE SCRIPT
מעודכן RSI & EMA Indicator
Multi-Timeframe EMA & RSI Analysis with Trend Merging Detection
This multi-timeframe indicator helps traders identify trend direction, confirm momentum, and detect potential trend shifts using Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) across Daily, Weekly, and Monthly timeframes.
It provides a visual table showing trend alignment (via EMAs) and momentum strength (via RSI), helping users assess both long-term and short-term market conditions.
How It Works
✅ Trend Direction via EMAs:
Tracks Short (5 & 12-period), Medium (34 & 50-period), and Long (72 & 89-period) EMAs.
Green cells indicate a bullish alignment (faster EMA above slower EMA), while red cells indicate bearish alignment.
This visual guide helps traders quickly gauge market momentum across multiple timeframes.
✅ Momentum Confirmation with RSI:
Displays RSI(14) values for Daily, Weekly, and Monthly timeframes.
Helps assess overbought/oversold conditions to confirm trend strength or weakness.
✅ Trend Shift Detection (EMA Merging):
Alerts traders when EMAs get close (within 0.5% of price), suggesting potential trend reversals, consolidations, or breakouts.
A "⚠️ Merge" icon appears when such conditions are detected.
Who Is This Indicator For?
📊 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 Daily EMAs & RSI for short-term entries while referencing higher timeframes for confirmation.
How to Use the Indicator:
Add the indicator to any chart.
Check the table at the top-right corner:
Green cells = Bullish trend alignment
Red cells = Bearish trend alignment
RSI values show momentum; values above 70 = overbought, below 30 = oversold
Look for "⚠️ Merge" alerts for potential trend reversals or consolidation phases.
Combine insights from all three timeframes for stronger trade decisions.
Why This Indicator Is Unique:
✅ Multi-timeframe trend analysis in one visual tool.
✅ EMA merging detection to spot potential trend shifts early.
✅ Momentum validation with RSI across Daily, Weekly, and Monthly timeframes.
✅ Simplifies analysis by reducing chart clutter while providing actionable data.
📢 Tip: Aligning bullish or bearish trends across multiple timeframes often provides higher-confidence trade setups.
🔔 Disclaimer:
This indicator is for educational purposes only and is not financial advice. Trading involves risk; always use proper risk management.
This multi-timeframe indicator helps traders identify trend direction, confirm momentum, and detect potential trend shifts using Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) across Daily, Weekly, and Monthly timeframes.
It provides a visual table showing trend alignment (via EMAs) and momentum strength (via RSI), helping users assess both long-term and short-term market conditions.
How It Works
✅ Trend Direction via EMAs:
Tracks Short (5 & 12-period), Medium (34 & 50-period), and Long (72 & 89-period) EMAs.
Green cells indicate a bullish alignment (faster EMA above slower EMA), while red cells indicate bearish alignment.
This visual guide helps traders quickly gauge market momentum across multiple timeframes.
✅ Momentum Confirmation with RSI:
Displays RSI(14) values for Daily, Weekly, and Monthly timeframes.
Helps assess overbought/oversold conditions to confirm trend strength or weakness.
✅ Trend Shift Detection (EMA Merging):
Alerts traders when EMAs get close (within 0.5% of price), suggesting potential trend reversals, consolidations, or breakouts.
A "⚠️ Merge" icon appears when such conditions are detected.
Who Is This Indicator For?
📊 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 Daily EMAs & RSI for short-term entries while referencing higher timeframes for confirmation.
How to Use the Indicator:
Add the indicator to any chart.
Check the table at the top-right corner:
Green cells = Bullish trend alignment
Red cells = Bearish trend alignment
RSI values show momentum; values above 70 = overbought, below 30 = oversold
Look for "⚠️ Merge" alerts for potential trend reversals or consolidation phases.
Combine insights from all three timeframes for stronger trade decisions.
Why This Indicator Is Unique:
✅ Multi-timeframe trend analysis in one visual tool.
✅ EMA merging detection to spot potential trend shifts early.
✅ Momentum validation with RSI across Daily, Weekly, and Monthly timeframes.
✅ Simplifies analysis by reducing chart clutter while providing actionable data.
📢 Tip: Aligning bullish or bearish trends across multiple timeframes often provides higher-confidence trade setups.
🔔 Disclaimer:
This indicator is for educational purposes only and is not financial advice. Trading involves risk; always use proper risk management.
הערות שחרור
Update 1 - Minor Code Updatesהערות שחרור
Update 2 - Background Color Updateהערות שחרור
Update 3 - Transparent Background
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.