Rolling Multi-Day EMA + VR1 DEMABar

4 mars

Rolling Multi-Day EMA + VR1 DEMABar Indicator
This indicator combines rolling multi-day exponential moving averages (EMAs) with VR1 DEMABar logic to provide insights into price trends, volume dynamics, and potential reversal signals.

Section 1: Rolling Multi-Day EMA Logic
Purpose: Calculates EMAs based on a rolling trading day length, adapting to different timeframes and instrument types (Futures or Stocks).
Trading Day Lengths: Adjusts dynamically based on the chart timeframe:
1-minute, 3-minute, 5-minute, and 15-minute charts have pre-defined lengths for a "trading day."
Multi-day EMAs are calculated for Half-Day, 1-Day, 2-Day, 3-Day, 4-Day, and 5-Day periods.
The EMAs are color-coded with a gradient from green to purple for clear trend visualization.
Section 2: VR1 DEMABar Logic
Purpose: Identifies high-volume price movements and engulfing patterns that may signal potential reversals.
Volume-to-Range Ratio: Analyzes the ratio of volume to price range and applies two EMAs to detect significant activity.
Threshold-Based Bar Coloring: Highlights bars above a threshold in yellow to emphasize high-volume anomalies.
Engulfing Pattern Detection: Identifies bullish and bearish engulfing patterns, adjusting the background color:
Green Background: Bullish engulfing pattern (potential upward reversal).
Red Background: Bearish engulfing pattern (potential downward reversal).
This indicator provides a blend of trend-following and volume-based anomaly detection, helping traders spot potential trend shifts and key volume-driven movements efficiently.

4 mars

Notes de version

Added 4 hour EMA

4 mars

Notes de version

Added toggle for EMA/SMA on UI (Input). Default remains EMA.

7 mars

Notes de version

4-Hour MA Color-Coding -

Previous Version: The 4-Hour MA was a single fixed color.
New Version: The 4-Hour MA is now light blue when above the Half-Day MA and yellow when below the Half-Day MA.

Cloud Fill Between Half-Day and 4-Hour

Previous Version: The fill between the Half-Day MA and 4-Hour MA was a two-tone fill (green above, red below).
New Version: The fill color now matches the 4-Hour MA color (light blue if the 4-Hour is above, yellow if below).

1-Day MA Line Style

New Version: The 1-Day MA is now defaulted to a solid white line.