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

Notes de version:

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

Notes de version:

EMA description and length adjusted

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

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SMA 40 added as special pullback indicator

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Added alerts for long or short trend change

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Add MTF support for slow EMAs

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SMA replaced by EMA for trend detection

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Length of EMAs can be set

Notes de version:

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

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ATR Stop added as dots (bullish, bearish)

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Input option for ema fast and middle length

Notes de version:

EMA Ribbon added with option to hide it

Notes de version:

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

Notes de version:

Performance improved, ema ribbon removed

Notes de version:

TEMA for trend included

Notes de version:

TEMA with custom length, pine version 5

Notes de version:

Refactoring and 4th ema added

Notes de version:

ATR stoploss multiplier added

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Added real price display for Heikin Ashi chart type

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Labels for engulfing candles added

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Engulfing pattern bug fixed

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Barcolor for engulfing added

Notes de version:

Engulging candles added and atr to 10

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Volatility Stop Length added

Notes de version:

Inside bar added as candlestick pattern

Notes de version:

Inside bar without color