PH - Magic Indicator

4 hours agoExplanation:
EMA Calculations:

EMAs for the periods 5, 10, 20, 30, 50, and 100 are calculated using ta.ema(close, period).
Signal Conditions:

Signal 1: All EMAs must be in order (EMA 5 > EMA 10 > EMA 20 > EMA 30 > EMA 50 > EMA 100).
Signal 2: Similar to Signal 1 but without the condition for EMA 50 > EMA 100.
Plotting the Signals:

Blue triangle is plotted under the first candle that meets Signal 1 conditions (plotshape with color=color.blue).
Orange triangle is plotted under the first candle that meets Signal 2 conditions but not Signal 1 (plotshape with color=color.orange).
Plotting the EMAs:

Each EMA is plotted with a distinct color for visual clarity.
Key Features:
The signals only appear on the first candle that meets the respective condition using and not signalX[1] to avoid repetitive signals.
EMAs are plotted on the chart to give you a clear visualization of their movement.