Trend Surfers - Momentum + ADX + EMA

This script mixes the Lazybear Momentum indicator, ADX indicator, and EMA.

Histogram meaning:
Green = The momentum is growing and the ADX is growing or above your set value
Red = The momentum is growing on the downside and the ADX is growing or above your set value
Orange = The market doesn't have enough momentum or the ADX is not growing or above your value (no trend)

Background meaning:
Blue = The price is above the EMA
Purple = The price is under the EMA

Cross color on 0 line:
Dark = The market might be sideway still
Light = The market is in a bigger move

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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 a publication is governed by House Rules. You can favorite it to use it on a chart.


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