Trading Hub 3TDH3.0
This indicator considerably simplifies the process of identification of market structure for traders based on the TradingHUB-3 technical method.
מתנדי רוחב
Prior Day High and Low RaysPrior Day High and Low Rays
This custom TradingView indicator projects rays from the prior day's high and low prices, helping you visualize key levels of support and resistance from the previous trading day. The rays extend to the right, continuing from the prior day's high and low throughout the current trading day.
Features:
Displays a ray starting at the prior day's high price.
Displays a ray starting at the prior day's low price.
Rays extend to the right and are only plotted for the immediate prior day.
Customizable ray color and width through the indicator settings.
Use Case:
Track important price levels from the previous day that can act as support or resistance.
Customize the appearance of the rays to match your chart's style and preferences.
This tool is designed for traders who want to incorporate prior day price action into their analysis and maintain a clean, customized chart display.
PDL By iofexPrevious day levels
A Previous Day Level Indicator is a trading tool designed to highlight the key levels from the previous trading session, such as the high, low, and close prices. These levels act as significant support and resistance points, helping traders make informed decisions. By analyzing these levels, traders can anticipate potential price reversals, breakouts, or continuations in the current trading session. This indicator is particularly useful for day traders and scalpers aiming to align their strategies with market trends.
DANGHIEU EMA 21/55/200 RibbonPhân tích xu hướng: Dễ dàng nhận diện xu hướng tăng hoặc giảm thông qua dải mây (ribbon).
Xác định điểm giao dịch: Sử dụng dấu X để nhận diện điểm giao cắt giữa EMA 21 và EMA 55, giúp đưa ra quyết định giao dịch.
Theo dõi xu hướng dài hạn: EMA 200 cung cấp góc nhìn dài hạn về xu hướng thị trường.
Buy/Sell Signals for CM_Williams_Vix_FixThis script in Pine Script is designed to create an indicator that generates buy and sell signals based on the Williams VIX Fix (WVF) indicator. Here’s a brief explanation of how this script works:
Main Components:
Williams VIX Fix (WVF) – This volatility indicator is calculated using the formula:
WVF
=
(
highest(close, pd)
−
low
highest(close, pd)
)
×
100
WVF=(
highest(close, pd)
highest(close, pd)−low
)×100
where highest(close, pd) represents the highest closing price over the period pd, and low represents the lowest price over the same period.
Bollinger Bands are used to determine levels of overbought and oversold conditions. They are constructed around the moving average (SMA) of the WVF value using standard deviation (SD).
Ranges based on percentiles help identify extreme levels of WVF values to spot entry and exit points.
Buy and sell signals are generated when the WVF crosses the Bollinger Bands lines or reaches the ranges based on percentiles.
Adjustable Parameters:
LookBack Period Standard Deviation High (pd): The lookback period for calculating the highest closing price.
Bolinger Band Length (bbl): The length of the period for constructing the Bollinger Bands.
Bollinger Band Standard Devaition Up (mult): The multiplier for the standard deviation used for the upper Bollinger Band.
Look Back Period Percentile High (lb): The lookback period for calculating maximum and minimum WVF values.
Highest Percentile (ph): The percentile threshold for determining the high level.
Lowest Percentile (pl): The percentile threshold for determining the low level.
Show High Range (hp): Option to display the range based on percentiles.
Show Standard Deviation Line (sd): Option to display the standard deviation line.
Signals:
Buy Signal: Generated when the WVF crosses above the lower Bollinger Band or falls below the lower boundary of the percentile-based range.
Sell Signal: Generated when the WVF crosses below the upper Bollinger Band or rises above the upper boundary of the percentile-based range.
These signals are displayed as triangles below or above the candles respectively.
Application:
The script can be used by traders to analyze market conditions and make buying or selling decisions based on volatility and price behavior.
RSI 2.0 By RBRSI ini sudah diperbaharui dan sudah melakukan banyak backtest, RSI 2.0 ini membantu trader untuk menganalisa chart
BETA - Enhanced Tech & AI Indicator v1.0This indicator combines technical analysis and volatility measures to generate BUY and SELL signals tailored for tech and AI sector stocks. It uses a combination of:
Exponential Moving Average (EMA): Identifies the primary trend.
Relative Strength Index (RSI): Detects overbought and oversold conditions.
Standard Deviation Bands: Highlights price deviations from the EMA.
Average True Range (ATR): Acts as a proxy for market volatility.
Sudden Price Changes: Captures abrupt movements in price, often linked to market events.
The script dynamically adapts to market conditions, filtering out signals during periods of high volatility and generating signals when opportunities arise. It is designed for precision in identifying buy and sell opportunities based on price movements, trend strength, and volatility levels.
This indicator is ideal for traders who want a clear and actionable tool for trading in the tech and AI sectors while considering broader market dynamics.
SreyansTestIndicators1The standard TradingView.widget() API does not allow full customization of the indicator menu. To include truly custom indicators in the widget, you may need to use the TradingView Charting Library (a more advanced solution with greater control).
Enhanced Volume Flow
The indicator analyzes volume flow by separating and comparing bullish and bearish volume, where:
Arrows are Push In our out.
The "hills" at the bottom are the delta between the in flow and out flow.
The Red line is out flow.
The Green line is in flow.
• Bullish Volume: Volume on candles that close higher than they open
• Bearish Volume: Volume on candles that close lower than they open
• Multiple Moving Average Types:
- Simple
- Exponential
- Double Exponential
- Zero-Lag
RODRIGUES / BB - EMAs - BMSBEste script combina vários indicadores amplamente utilizados na análise técnica para criar uma ferramenta robusta e personalizável.
Bollinger Bands (BB):
Calcula e exibe as bandas de Bollinger com base em médias móveis ajustáveis (SMA, EMA, SMMA, WMA, VWMA).
Possibilidade de configurar o comprimento da média e o desvio-padrão.
Preenchimento visual entre as bandas superior e inferior para facilitar a leitura.
Médias Móveis Exponenciais (EMAs):
Inclui 5 EMAs configuráveis com comprimentos independentes.
Exibe as EMAs no gráfico com cores distintas para fácil identificação.
suporte de mercado altista (Bull Market Support Band)
Scalping Strategy TesterStrategy Description: Scalping Strategy Tester
The Scalping Strategy Tester is a highly focused intraday trading approach designed for quick trades based on technical indicators. It combines the use of Exponential Moving Averages (EMA), the Relative Strength Index (RSI), and the Moving Average Convergence Divergence (MACD) to identify optimal entry and exit points for short-term trades. This strategy is best suited for volatile markets where frequent price movements allow for rapid gains.
Key Components
Exponential Moving Averages (EMA):
Short EMA (9-period): Tracks short-term price momentum.
Medium EMA (21-period): Represents medium-term trend direction.
A crossover between the two signals potential trend changes.
Relative Strength Index (RSI):
Evaluates the momentum and speed of price changes.
Oversold Zone (<30): Indicates potential buy signals.
Overbought Zone (>70): Indicates potential sell signals.
Moving Average Convergence Divergence (MACD):
MACD Line and Signal Line: Measures momentum shifts.
A bullish crossover (MACD > Signal) confirms upward momentum.
A bearish crossover (MACD < Signal) confirms downward momentum.
Trading Rules
Long Entry (Buy):
Condition:
The short EMA crosses above the medium EMA.
RSI is below 30 (oversold).
MACD Line is above the Signal Line.
Action: Open a long position.
Short Entry (Sell):
Condition:
The short EMA crosses below the medium EMA.
RSI is above 70 (overbought).
MACD Line is below the Signal Line.
Action: Open a short position.
Exit Rules:
Long Position: Close when the short condition is met.
Short Position: Close when the long condition is met.
Visual Aids
Blue Line: 9-period EMA for short-term trend tracking.
Red Line: 21-period EMA for medium-term trend tracking.
The relationship between these lines helps identify trend changes and trading opportunities.
Advantages
Quick identification of high-probability trades using multiple confirmations (EMA, RSI, MACD).
Designed for fast-paced trading environments, making it ideal for scalping.
Simple exit rules reduce emotional decision-making.
Use Cases
This strategy works best for scalping in markets with high liquidity and volatility, such as cryptocurrency or forex markets, where rapid price changes create frequent trading opportunities. It can be applied effectively on shorter timeframes, like 1-minute or 5-minute charts.
Disclaimer
This is a technical strategy designed for educational purposes. Backtest thoroughly on demo accounts before deploying with real funds. Always account for slippage, transaction costs, and market conditions.
Option ScreenerTradingView Nifty & Banknifty Option Screener
The TradingView Nifty & Banknifty Option Screener is an advanced tool designed for options traders in India's leading indices—Nifty and Banknifty. This screener empowers traders with precise and actionable insights to make informed trading decisions quickly.
Features & Benefits:
Real-Time Data: Access live data on Nifty and Banknifty options to stay updated with market movements.
Customizable Filters: Tailor your search by strike price, expiry date, volume, open interest, and premium price.
Built-In Strategies: Analyze data with pre-configured strategies like straddles, strangles, and spreads to identify profitable opportunities.
Buy/Sell Alerts: Get automated buy and sell signals based on technical indicators and patterns.
Greeks Analysis: Evaluate Delta, Gamma, Theta, and Vega for a deeper understanding of option pricing dynamics.
Volatility Tracker: Monitor implied volatility to identify high-probability trades.
User-Friendly Interface: Simplified and intuitive design ensures seamless usage for traders of all levels.
Integrated Charts: Visualize trends and patterns directly on TradingView charts for a comprehensive analysis.
Who Can Benefit?
Retail Traders: Identify winning trades effortlessly.
Professional Traders: Optimize complex strategies with real-time analytics.
Beginners: Learn and trade with confidence using pre-built tools.
Why Choose This Screener?
Maximize your trading efficiency with cutting-edge analytics and actionable insights tailored for the dynamic world of Nifty and Banknifty options. Designed for speed and precision, this screener is your ultimate companion in the options trading journey.
Availability
Accessible via the TradingView platform with integration to enhance your trading workflow seamlessly.
Internals Elite NYSE [Beta]Overview:
This indicator is designed to provide traders with a quick overview of key market internals and metrics in a single, easy-to-read table displayed directly on the chart. It incorporates a variety of metrics that help gauge market sentiment, momentum, and overall market conditions.
The table dynamically updates in real-time and uses color-coding to highlight significant changes or thresholds, allowing traders to quickly interpret the data and make informed trading decisions.
Features:
Market Internals:
TICK: Measures the difference between the number of stocks ticking up versus those ticking down on the NYSE. Green or red background indicates if it crosses a user-defined threshold.
Advance/Decline (ADD): Shows the net number of advancing versus declining stocks on the NYSE. Color-coded to show positive, negative, or neutral conditions.
Volatility Metrics:
VIX Change (%): Displays the percentage change in the Volatility Index (VIX), a key gauge of market fear or complacency. Color-coded for direction.
VIX Price: Displays the current VIX price with thresholds to indicate low, medium, or high volatility.
Other Market Metrics:
DXY Change (%): Percentage change in the US Dollar Index (DXY), indicating dollar strength or weakness.
VWAP Deviation (%): Percentage of stocks above VWAP (Volume Weighted Average Price), helping traders assess intraday buying and selling pressure.
Asset-Specific Metrics:
BTCUSD Change (%): Percentage change in Bitcoin (BTC) price, useful for monitoring cryptocurrency sentiment.
SPY Change (%): Percentage change in the S&P 500 ETF (SPY), a proxy for the overall stock market.
Current Ticker Change (%): Percentage change in the currently selected ticker on the chart.
US10Y Change (%): Percentage change in the yield of the 10-Year US Treasury Note (TVC:US10Y), an important macroeconomic indicator.
Customizable Appearance:
Adjustable text size to suit your chart layout.
User-defined thresholds for key metrics (e.g., TICK, ADD, VWAP, VIX).
Dynamic Table Placement:
You can position the table anywhere on the chart: top-right, top-left, bottom-right, bottom-left, middle-right, or middle-left.
How to Use:
Add the Indicator to Your Chart:
Apply the indicator to your chart from the Pine Script editor in TradingView.
Customize the Inputs:
Adjust the thresholds for TICK, ADD, VWAP, and VIX according to your trading style.
Enable or disable the metrics you want to see in the table by toggling the display options for each metric (e.g., Show TICK, Show BTC, Show SPY).
Set the table placement to your preferred position on the chart.
Interpret the Table:
Look for color-coded cells to quickly identify significant changes or breaches of thresholds.
Positive values are typically shown in green, negative values in red, and neutral/insignificant changes in gray.
Use metrics like TICK and ADD to gauge market breadth and momentum.
Refer to VWAP deviation to assess intraday buying or selling pressure.
Monitor the VIX and US10Y changes to stay aware of macroeconomic and volatility shifts.
Incorporate Into Your Strategy:
Use the indicator alongside technical analysis to confirm setups or identify areas of caution.
Keep an eye on correlated metrics (e.g., VIX and SPY) for broader market context.
Use BTCUSD or DXY as additional indicators of risk-on/risk-off sentiment.
Ideal Users:
Day Traders: Quickly gauge intraday market conditions and momentum.
Swing Traders: Identify broader sentiment shifts using metrics like ADD, DXY, and US10Y.
Macro Investors: Stay updated on key macroeconomic indicators like the 10-Year Treasury yield (US10Y) and the US Dollar Index (DXY).
This indicator serves as a comprehensive tool for understanding market conditions at a glance, enabling traders to act decisively based on the latest data.
Destek, Direnc ve Trend (Pivot Bazli, min 3 bar)//@version=6
indicator('Destek, Direnc ve Trend (Pivot Bazli, min 3 bar)', overlay = true)
//--------------------------------------------------------------------
// 1) KULLANICI AYARLARI (INPUT)
//--------------------------------------------------------------------
pivotLen = input.int(3, 'Pivot Uzunlugu (min 3)', minval = 1)
showTrend = input.bool(true, 'Trend Cizgisi Goster?')
showSR = input.bool(true, 'Destek-Direnc Cizgisi Goster?')
//--------------------------------------------------------------------
// 2) PIVOT HESAPLARI
//--------------------------------------------------------------------
// Bir barin pivot high (zirve) olabilmesi icin:
// - Son pivotLen barin ve gelecek pivotLen barin en yuksek degerinden yuksek olmali
// pivotH = bar_index - pivotLen'deki high, en yuksekse true
//
// pivotLow icin ise en dusuk olmali
// Bu kodda Pine'in built-in fonksiyonlarindaki mantigi taklit ediyoruz.
pivotH = high == ta.highest(high, pivotLen * 2 + 1)
pivotL = low == ta.lowest(low, pivotLen * 2 + 1)
//--------------------------------------------------------------------
// 3) DIZILER: PIVOT BILGILERINI SAKLA
//--------------------------------------------------------------------
var pivotHighBars = array.new_int()
var pivotHighVals = array.new_float()
var pivotLowBars = array.new_int()
var pivotLowVals = array.new_float()
//--------------------------------------------------------------------
// 4) PIVOTLARI TESPIT VE DIZILERE EKLE
//--------------------------------------------------------------------
if barstate.isconfirmed
if pivotH
array.push(pivotHighBars, bar_index - pivotLen)
array.push(pivotHighVals, high )
if pivotL
array.push(pivotLowBars, bar_index - pivotLen)
array.push(pivotLowVals, low )
// Dizi boyutu cok buyumesin diye 20'den fazlasi varsa en eskileri sil
if array.size(pivotHighBars) > 20
array.shift(pivotHighBars)
array.shift(pivotHighVals)
if array.size(pivotLowBars) > 20
array.shift(pivotLowBars)
array.shift(pivotLowVals)
//--------------------------------------------------------------------
// 5) LINE REFERANSLARI TANIMLA (var line ... = na)
//--------------------------------------------------------------------
var line srLineHigh = na
var line srLineLow = na
var line trendLineHi = na
var line trendLineLo = na
//--------------------------------------------------------------------
// 6) DESTEK - DIRENC CIZGILERI
//--------------------------------------------------------------------
// Son 2 pivot high'i birlestir -> Direnc
// Son 2 pivot low'u birlestir -> Destek
if showSR
// a) Direnc
if array.size(pivotHighBars) >= 2
// Son 2 pivot high verilerini cek
bh1 = array.get(pivotHighBars, array.size(pivotHighBars) - 1)
ph1 = array.get(pivotHighVals, array.size(pivotHighVals) - 1)
bh2 = array.get(pivotHighBars, array.size(pivotHighBars) - 2)
ph2 = array.get(pivotHighVals, array.size(pivotHighVals) - 2)
// Eger eski line varsa sil
if not na(srLineHigh)
line.delete(srLineHigh)
// Yeni direnc line'i olustur
srLineHigh := line.new(x1 = bh2, y1 = ph2, x2 = bh1, y2 = ph1, extend = extend.right, color = color.red, width = 2)
srLineHigh
// b) Destek
if array.size(pivotLowBars) >= 2
bl1 = array.get(pivotLowBars, array.size(pivotLowBars) - 1)
pl1 = array.get(pivotLowVals, array.size(pivotLowVals) - 1)
bl2 = array.get(pivotLowBars, array.size(pivotLowBars) - 2)
pl2 = array.get(pivotLowVals, array.size(pivotLowVals) - 2)
if not na(srLineLow)
line.delete(srLineLow)
srLineLow := line.new(x1 = bl2, y1 = pl2, x2 = bl1, y2 = pl1, extend = extend.right, color = color.lime, width = 2)
srLineLow
//--------------------------------------------------------------------
// 7) TREND CIZGILERI
//--------------------------------------------------------------------
// Basit mantik:
// - 3 pivot high ardisik olarak asagidaki gibi siralandiysa dusen trend
// - 3 pivot low ardisik olarak asagidaki gibi siralandiysa yukselen trend
if showTrend
// a) Dusen trend icin pivot high kontrolu
if array.size(pivotHighVals) >= 3
ph1 = array.get(pivotHighVals, array.size(pivotHighVals) - 1)
ph2 = array.get(pivotHighVals, array.size(pivotHighVals) - 2)
ph3 = array.get(pivotHighVals, array.size(pivotHighVals) - 3)
bh1 = array.get(pivotHighBars, array.size(pivotHighBars) - 1)
bh2 = array.get(pivotHighBars, array.size(pivotHighBars) - 2)
bh3 = array.get(pivotHighBars, array.size(pivotHighBars) - 3)
// Eger ph1 < ph2 < ph3 ise dusen siralama
if ph1 < ph2 and ph2 < ph3
// Eski trend line varsa sil
if not na(trendLineHi)
line.delete(trendLineHi)
// Yeni line
trendLineHi := line.new(x1 = bh3, y1 = ph3, x2 = bh1, y2 = ph1, extend = extend.right, color = color.new(color.red, 0), width = 2)
trendLineHi
// b) Yukselen trend icin pivot low kontrolu
if array.size(pivotLowVals) >= 3
pl1 = array.get(pivotLowVals, array.size(pivotLowVals) - 1)
pl2 = array.get(pivotLowVals, array.size(pivotLowVals) - 2)
pl3 = array.get(pivotLowVals, array.size(pivotLowVals) - 3)
bl1 = array.get(pivotLowBars, array.size(pivotLowBars) - 1)
bl2 = array.get(pivotLowBars, array.size(pivotLowBars) - 2)
bl3 = array.get(pivotLowBars, array.size(pivotLowBars) - 3)
// pl1 > pl2 > pl3 ise yukselen siralama
if pl1 > pl2 and pl2 > pl3
if not na(trendLineLo)
line.delete(trendLineLo)
trendLineLo := line.new(x1 = bl3, y1 = pl3, x2 = bl1, y2 = pl1, extend = extend.right, color = color.new(color.lime, 0), width = 2)
trendLineLo
//--------------------------------------------------------------------
// ACIKLAMA
//--------------------------------------------------------------------
// - pivotLen = 3, en az 3 bar (mum) dokunarak pivot olusumunu bekler.
// - Kod, bar kapanisi (barstate.isconfirmed) ile pivot tespit eder,
// pivotlari dizilerde saklar, son 2 pivot ile destek/direnc,
// son 3 pivot ile trend cizgileri olusturur.
// - "Line" referanslarini var line ... = na seklinde tanimladik,
// her if blogunda != na kontrolu yaparak silip yeniden olusturuyoruz.
// - Girinti (indentation) kurallari Pine Script’e uyumludur.
Máximo/Mínimo según EMA20Indica el máximo de dispersión respecto a EMA20 cuando está por encima, y el mínimo cuando la vela se encuentra por debajo de EMA20
MK's Gold Indicator v2MK’s Gold Indicator is a cutting-edge trading tool designed to provide precise signals for trading gold (XAUUSD) with confidence and accuracy. Powered by advanced algorithms and key technical strategies, it helps traders identify optimal entry and exit points by analyzing price trends, and market momentum.
With a focus on simplicity and effectiveness, MK’s Gold Indicator integrates seamlessly into your trading platform, offering:
• Real-Time Signals: Receive timely alerts for profitable trading opportunities.
• User-Friendly Interface: Easy to understand and implement, even for beginners.
• Advanced Analytics: Leverages proven trading strategies like divergence, moving averages, and range breakouts.
• Customizable Settings: Adapt the indicator to match your unique trading style.
Whether you’re a seasoned trader or just starting, MK’s Gold Indicator empowers you to make informed decisions and maximize your profits in the dynamic gold market.
Moving Average Crosses with RSI Filter - Advanced Dashboard📊 Moving Average Crosses with RSI Filter - Advanced Dashboard 📊
Overview
This indicator combines moving averages 📈 and the Relative Strength Index (RSI) 📉 to generate filtered trading signals and improve the accuracy of trades. It also includes an advanced dashboard 🖥️ that displays key metrics in real-time, such as moving average values, RSI status, total signals, and win probability. It’s an ideal tool for traders looking for additional confirmation before making decisions. 🚀
Key Features
Customizable Moving Averages 🔧:
Choose between SMA (Simple Moving Average) and EMA (Exponential Moving Average).
Adjustable lengths for both moving averages (default: 9 and 21).
RSI Filter 🛡️:
The RSI is used to avoid false signals in overbought (RSI > 70) or oversold (RSI < 30) conditions.
Customizable RSI length and levels (default: length 14, overbought 70, oversold 30).
Filtered Signals ✅:
Filtered Bullish Cross 🟢: Occurs when the shorter moving average crosses above the longer one and the RSI is not overbought.
Filtered Bearish Cross 🔴: Occurs when the shorter moving average crosses below the longer one and the RSI is not oversold.
Advanced Dashboard 📋:
Displays real-time metrics:
Current values of the moving averages (MA 1 and MA 2).
Current RSI value and its status (Overbought, Oversold, Neutral).
Total number of signals generated.
Win probability of signals (based on historical filtered crosses).
Alerts 🔔:
Customizable alerts for filtered bullish and bearish crosses.
Chart Visualization 📉📈:
Moving averages are plotted on the chart with customizable colors (blue for MA 1, red for MA 2).
Filtered cross signals are marked with green (bullish) and red (bearish) labels.
How to Use the Indicator 🛠️
Setup ⚙️:
Adjust the moving average lengths and RSI parameters according to your strategy.
Customize the overbought and oversold RSI levels if needed.
Interpreting Signals 🔍:
Filtered Bullish Cross (Green Label) 🟢: Consider a long position if the RSI is not overbought.
Filtered Bearish Cross (Red Label) 🔴: Consider a short position if the RSI is not oversold.
Information Panel 🖥️:
Check the panel in the top-right corner for key metrics, such as the current RSI value, market status, and win probability.
Alerts 🔔:
Set up alerts to receive notifications when filtered crosses occur.
Benefits of the Indicator 🌟
Reduces False Signals 🚫: The RSI filter helps avoid trades in extreme market conditions.
Improves Accuracy 🎯: Signals are confirmed with the RSI, increasing the probability of success.
Real-Time Information ⏱️: The advanced dashboard provides key metrics for informed decision-making.
Easy to Use 👍: Simple setup and clear visualization on the chart.
Recommendations 💡
Combine this indicator with other technical analysis tools to confirm signals.
Adjust the parameters based on the asset and timeframe you are analyzing.
Use alerts to avoid missing trading opportunities.
Example Usage 📝
Bullish Scenario 📈:
MA 1 (9) crosses above MA 2 (21).
RSI is below 70 (not overbought).
Signal: Filtered bullish cross (green label). 🟢
Bearish Scenario 📉:
MA 1 (9) crosses below MA 2 (21).
RSI is above 30 (not oversold).
Signal: Filtered bearish cross (red label). 🔴
Market ETFs Overviewtest sample publication for performance test.test sample publication for performance test.test sample publication for performance test.test sample publication for performance test.test sample publication for performance test.
Investing Zone"Investing Zone" designed to highlight specific market conditions. It calculates the Relative Strength Index (RSI) over a period of 2 and identifies when the RSI value drops below 15, signaling a potential oversold condition. Additionally, it calculates the Exponential Moving Average (EMA) over a period of 14 and checks if the closing price is below the EMA, indicating a bearish trend.
The indicator combines these two conditions, and if both are true, it highlights the chart background in green with a transparency level of 85. This visual cue helps traders identify potential "investing zones" where the market might be oversold in a downtrend, suggesting areas of interest for further analysis or potential buying opportunities.
