OPEN-SOURCE SCRIPT
Updated Trend Filter with 3 EMAs [9;21;50]
Trend Filter with 3 EMAs
This indicator filters the current Trend by analysing the order of 3 EMAs:
- 9 EMA (fast)
- 21 EMA (moderate)
- 50 EMA (slow)
If the 9 is above the 21 and the 50, and the 21 above the 50, the trend is bullish (green)
If the 9 is below the 21 and the 50, and the 21 below the 50, the trend is bearish (red)
If none of the above conditions are met, the market ist ranging and the moving averages are gray.
All three EMAs can act as dynamic support & resistance.
⚠️ Important info: ⚠️
Do not use the indicator on its own. No indicator is magic. Only use in confluence with other price action methods.
This indicator filters the current Trend by analysing the order of 3 EMAs:
- 9 EMA (fast)
- 21 EMA (moderate)
- 50 EMA (slow)
If the 9 is above the 21 and the 50, and the 21 above the 50, the trend is bullish (green)
If the 9 is below the 21 and the 50, and the 21 below the 50, the trend is bearish (red)
If none of the above conditions are met, the market ist ranging and the moving averages are gray.
All three EMAs can act as dynamic support & resistance.
⚠️ Important info: ⚠️
Do not use the indicator on its own. No indicator is magic. Only use in confluence with other price action methods.
Release Notes
Trend Filter with 3 EMAsThis indicator filters the current Trend by analysing the order of 3 EMAs:
- 9 EMA (fast)
- 21 EMA (moderate)
- 50 EMA (slow)
If the 9 is above the 21 and the 50, and the 21 above the 50, the trend is bullish (green)
If the 9 is below the 21 and the 50, and the 21 below the 50, the trend is bearish (red)
If none of the above conditions are met, the market ist ranging and the moving averages are gray.
All three EMAs can act as dynamic support & resistance.
⚠️ Important info: ⚠️
Do not use the indicator on its own. No indicator is magic. Only use in confluence with other price action methods.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.