OPEN-SOURCE SCRIPT
DeadCatBounce Short EMA Trend
DeadCatBounce Short EMA Trend
DeadCatBounce Short EMA Trend is a simple and responsive trend-following indicator built around two commonly used exponential moving averages: the 21 EMA and 50 EMA. It is designed to help traders quickly identify short-term trend direction, momentum shifts, gap fills, and potential entry or exit signals.
How It Works
The indicator calculates and plots:
21 EMA – fast, short-term momentum
50 EMA – slower, trend-defining average
Trend direction is determined by the relationship between these two EMAs. When the faster EMA crosses above or below the slower EMA, it highlights potential changes in momentum.
Optional crossover triangle signals can be displayed directly on the chart to visually mark bullish and bearish EMA cross events.
Features:
This indicator provides a fast and clear visual representation of EMA-based trend conditions without unnecessary complexity.
DeadCatBounce Short EMA Trend is a simple and responsive trend-following indicator built around two commonly used exponential moving averages: the 21 EMA and 50 EMA. It is designed to help traders quickly identify short-term trend direction, momentum shifts, gap fills, and potential entry or exit signals.
How It Works
The indicator calculates and plots:
21 EMA – fast, short-term momentum
50 EMA – slower, trend-defining average
Trend direction is determined by the relationship between these two EMAs. When the faster EMA crosses above or below the slower EMA, it highlights potential changes in momentum.
Optional crossover triangle signals can be displayed directly on the chart to visually mark bullish and bearish EMA cross events.
Features:
- Clean overlay of 21 EMA and 50 EMA
- Customizable colors for each EMA
- Optional crossover triangle signals
This indicator provides a fast and clear visual representation of EMA-based trend conditions without unnecessary complexity.
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.
x.com/DCBcrypto
When everyone sold, the cat bounced.
When everyone sold, the cat bounced.
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.
x.com/DCBcrypto
When everyone sold, the cat bounced.
When everyone sold, the cat bounced.
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.