OPEN-SOURCE SCRIPT
TrendSpark
⚡ Trend Spark
📖 Description
Trend Spark is a multi-tool trading indicator that combines the WaveTrend Oscillator, EMA Ribbon, and custom signal markers to help traders identify momentum shifts, reversals, and high-probability entry/exit zones.
Unlike traditional templates, Trend Spark uses unique visual cues — triangles, diamonds, and squares — to highlight important conditions in price action, making signals more intuitive and easier to act on.
Whether you’re scalping, swing trading, or analyzing long-term trends, Trend Spark adapts to your strategy.
⚙️ Features
WaveTrend Oscillator → Detects overbought/oversold conditions and momentum reversals.
EMA Ribbon (8 EMAs) → Reveals bullish and bearish market phases.
RSI → Confirms strength or weakness behind moves.
Custom Signal Shapes
🔼 Green Triangle Up → Bullish EMA crossover.
🔽 Red Triangle Down → Bearish EMA crossover.
🔶 Orange Diamond → WaveTrend crossover (potential reversal).
🟨 Yellow Square → Bullish candle confirmation.
📌 How to Use
Identify Trend
EMA2 above EMA8 (blue ribbon) → Bullish trend.
EMA8 above EMA2 (red ribbon) → Bearish trend.
Entry Signals
Look for 🔼 green triangles during bullish trends.
Look for 🔽 red triangles during bearish trends.
Use 🔶 orange diamonds as early warning signs of reversals.
Confirm Strength
A 🟨 yellow square below a bullish candle signals potential continuation.
Cross-check with RSI for stronger confirmation.
Risk Management
Always confirm with multiple timeframes.
Place stop-losses below/above recent swing levels.
🔔 Alerts
Trend Spark supports alerts for:
✅ Long EMA crossover (triangle up)
✅ Short EMA crossover (triangle down)
✅ WaveTrend crossover (diamond)
Stay ahead of market moves without constantly watching the charts.
📖 Description
Trend Spark is a multi-tool trading indicator that combines the WaveTrend Oscillator, EMA Ribbon, and custom signal markers to help traders identify momentum shifts, reversals, and high-probability entry/exit zones.
Unlike traditional templates, Trend Spark uses unique visual cues — triangles, diamonds, and squares — to highlight important conditions in price action, making signals more intuitive and easier to act on.
Whether you’re scalping, swing trading, or analyzing long-term trends, Trend Spark adapts to your strategy.
⚙️ Features
WaveTrend Oscillator → Detects overbought/oversold conditions and momentum reversals.
EMA Ribbon (8 EMAs) → Reveals bullish and bearish market phases.
RSI → Confirms strength or weakness behind moves.
Custom Signal Shapes
🔼 Green Triangle Up → Bullish EMA crossover.
🔽 Red Triangle Down → Bearish EMA crossover.
🔶 Orange Diamond → WaveTrend crossover (potential reversal).
🟨 Yellow Square → Bullish candle confirmation.
📌 How to Use
Identify Trend
EMA2 above EMA8 (blue ribbon) → Bullish trend.
EMA8 above EMA2 (red ribbon) → Bearish trend.
Entry Signals
Look for 🔼 green triangles during bullish trends.
Look for 🔽 red triangles during bearish trends.
Use 🔶 orange diamonds as early warning signs of reversals.
Confirm Strength
A 🟨 yellow square below a bullish candle signals potential continuation.
Cross-check with RSI for stronger confirmation.
Risk Management
Always confirm with multiple timeframes.
Place stop-losses below/above recent swing levels.
🔔 Alerts
Trend Spark supports alerts for:
✅ Long EMA crossover (triangle up)
✅ Short EMA crossover (triangle down)
✅ WaveTrend crossover (diamond)
Stay ahead of market moves without constantly watching the charts.
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.
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.
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.