OPEN-SOURCE SCRIPT

EMA+Super

785
This indicator integrates multiple trend-following components into a unified, clean, and easy-to-interpret chart overlay. Its purpose is to help traders observe short-term and long-term trend direction, momentum shifts, and potential areas of interest using established moving-average and volatility-based techniques.

🔹 Features
1. Multi-EMA Framework

Plots the 9, 21, 50, 100, and 200 EMAs to provide a structured view of short, medium, and long-term market trends.

2. Supertrend Overlay

Applies an ATR-based Supertrend to visualize potential directional shifts.
Both uptrend and downtrend zones are lightly shaded for improved clarity.

3. NovaWave-Style Trend Cloud

A dynamic cloud formed from:

Fast EMA

Slow EMA

Signal MA

The cloud automatically adapts its color based on the relationship between the fast and slow EMAs, offering a quick visual read of momentum bias.

4. Displaced Moving Averages (20 / 50 / 200 DMA)

Includes optional forward displacement to replicate commonly used DMA models in trend-following systems.

5. Crossover Buy/Sell Signals

Buy and sell markers appear when the fast EMA crosses above or below the slow EMA.
Users may create custom alerts via the TradingView alerts panel.

🔹 Alerts

This indicator supports built-in EMA crossover alerts:

Buy Alert – triggered when the fast EMA crosses above the slow EMA

Sell Alert – triggered when the fast EMA crosses below the slow EMA

Users can enable these alerts through the “Add Alert” panel and select the corresponding alert condition.
Alerts are evaluated on bar close for consistency and do not repaint.

🔹 How to Use

EMA structure helps define directional bias and market phase.

The Supertrend and Trend Cloud offer contextual confirmation.

EMA crossovers can help highlight momentum changes.

DMAs provide an additional perspective on smoothed trend levels.

This tool is intended for visual analysis and can complement other approaches such as volume studies, higher-timeframe trend analysis, or support/resistance mapping.

⚠️ Disclaimer

This script is for educational and informational purposes only. It does not constitute financial advice or guarantee any outcome. Always perform independent analysis and apply proper risk management.

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.