OPEN-SOURCE SCRIPT
TradeTrend with EMA
Updated
How It Works:?
The TrendTrade with EMA indicator analyzes the relationship between the current price and Exponential Moving Averages (EMAs) over different timeframes.
-- It checks if the price is above or below the hourly and 15-minute EMAs to identify potential bullish or bearish reversals.
-- When specific conditions are met, the indicator triggers background alerts on the chart.
-- This helps you spot trends and make informed trading decisions in real time.
Perfect for day traders!
Use this tool to enhance your trading and stay ahead in the market.
The TrendTrade with EMA indicator analyzes the relationship between the current price and Exponential Moving Averages (EMAs) over different timeframes.
-- It checks if the price is above or below the hourly and 15-minute EMAs to identify potential bullish or bearish reversals.
-- When specific conditions are met, the indicator triggers background alerts on the chart.
-- This helps you spot trends and make informed trading decisions in real time.
Perfect for day traders!
Use this tool to enhance your trading and stay ahead in the market.
Release Notes
How It Works:The Dynamic EMA Reversal Alert indicator analyzes the relationship between the current price and Exponential Moving Averages (EMAs) over different timeframes.
-- It checks if the price is above or below the hourly and 15-minute EMAs to identify potential bullish or bearish reversals.
-- When specific conditions are met, the indicator triggers background alerts on the chart.
-- This helps you spot trends and make informed trading decisions in real time.
Perfect for day traders
Use this tool to enhance your trading strategy and stay ahead in the market!
Note: To make the most of this indicator, it's essential to have a basic understanding of price action. This knowledge will enhance your ability to interpret the signals and improve your overall trading strategy.
Warning: Trading involves risk. Always trade at your own risk and consult a financial adviser before making any trading decisions. This indicator is designed to assist your trading, but it does not guarantee success.
Release Notes
How It Works:The Dynamic EMA Reversal Alert indicator analyzes the relationship between the current price and Exponential Moving Averages (EMAs) over different timeframes.
-- It checks if the price is above or below the hourly and 15-minute EMAs to identify potential bullish or bearish reversals.
-- When specific conditions are met, the indicator triggers background alerts on the chart.
-- This helps you spot trends and make informed trading decisions in real time.
Perfect for day traders!!
Use this tool to enhance your trading strategy and stay ahead in the market!
Note: To make the most of this indicator, it's essential to have a basic understanding of price action. This knowledge will enhance your ability to interpret the signals and improve your overall trading strategy.
Warning: Trading involves risk. Always trade at your own risk and consult a financial adviser before making any investment decisions. This indicator is designed to assist your trading, but it does not guarantee success.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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.