OPEN-SOURCE SCRIPT
9EMA Slapper
The 9EMA Slapper is your all-in-one solution for catching trend reversals and volume surges. This powerful indicator combines the 9-period EMA with multi-level volume strength analysis, delivering precise buy and sell signals based on dynamic volume trends. Here’s what makes it stand out:
Key Features 🚀
9EMA for Trend Detection
The 9-period EMA serves as the backbone, highlighting short-term trends and crossovers.
Uptrend & downtrend states switch based on price crossing above or below the EMA.
Dynamic Volume Analysis 📊
Detects volume strength with a customizable threshold, focusing on the 20-period moving average for better accuracy.
Highlights "Buy" and "Sell" volumes separately, allowing you to see the power behind each move.
Multi-Bar Volume Confirmation 🔥
Tracks volume strength over 1 to 5 bars, where:
1-Bar Signal: Initial sign of strong volume
5-Bar Signal: Extreme volume strength, often hinting at major moves ahead.
Customizable bar confirmation (1-5 bars) to catch trends early or wait for added confirmation.
Signal Alerts with Style 🎯
Clearly plotted signals for bullish/bearish trends:
1-5 bar signals appear as labels on your chart for easy visualization.
Color-coded for clarity, from lime green (1-bar) to bright white (5-bar).
Alerts for every signal, so you won’t miss a beat even when away from the chart.
Candle Coloring & Day Breaks 🌄
Candles change color dynamically based on trend direction and volume strength:
Strong Uptrend: Bright green
Strong Downtrend: Bold red
Subtle day breaks to enhance chart readability.
When to Use 📈
Trend Reversals: Catching the switch in trends as price crosses the 9EMA with volume confirmation.
Volume Surges: Identifying when volume surges beyond the average, suggesting stronger momentum.
Multi-Level Confirmation: See signals between early 2-bar signals or wait for solid 5-bar confirmations, ideal for different trading styles.
With 9EMA Slapper, you get a powerful tool for tracking market momentum and volume strength. Try it out, catch those signals, and make better trading decisions! 📉📈
Key Features 🚀
9EMA for Trend Detection
The 9-period EMA serves as the backbone, highlighting short-term trends and crossovers.
Uptrend & downtrend states switch based on price crossing above or below the EMA.
Dynamic Volume Analysis 📊
Detects volume strength with a customizable threshold, focusing on the 20-period moving average for better accuracy.
Highlights "Buy" and "Sell" volumes separately, allowing you to see the power behind each move.
Multi-Bar Volume Confirmation 🔥
Tracks volume strength over 1 to 5 bars, where:
1-Bar Signal: Initial sign of strong volume
5-Bar Signal: Extreme volume strength, often hinting at major moves ahead.
Customizable bar confirmation (1-5 bars) to catch trends early or wait for added confirmation.
Signal Alerts with Style 🎯
Clearly plotted signals for bullish/bearish trends:
1-5 bar signals appear as labels on your chart for easy visualization.
Color-coded for clarity, from lime green (1-bar) to bright white (5-bar).
Alerts for every signal, so you won’t miss a beat even when away from the chart.
Candle Coloring & Day Breaks 🌄
Candles change color dynamically based on trend direction and volume strength:
Strong Uptrend: Bright green
Strong Downtrend: Bold red
Subtle day breaks to enhance chart readability.
When to Use 📈
Trend Reversals: Catching the switch in trends as price crosses the 9EMA with volume confirmation.
Volume Surges: Identifying when volume surges beyond the average, suggesting stronger momentum.
Multi-Level Confirmation: See signals between early 2-bar signals or wait for solid 5-bar confirmations, ideal for different trading styles.
With 9EMA Slapper, you get a powerful tool for tracking market momentum and volume strength. Try it out, catch those signals, and make better trading decisions! 📉📈
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.