4-EMA Trend

This indicator can be used to visualize when price is above or below special exponential moving averages (8, 21, 50 and 200) that are also displayed on the chart. A green or red background is plotted then, that can be followed as a trend. You can define the amount of risk (e.g. in $) and the number of previous bars that will be used to calculate the stop loss. For the stop loss a label is shown (long or short) that displays the quantity to buy or sell for your defined risk. It is recommend to use the indicator in combination with my Stochastic & RSI (see chart) to enter trades long or short when stochastic is overbought or oversold and RSI above or below 50.

US100

Nota Keluaran:

Update trend indication: ema8 has to be above / below slower ema

Nota Keluaran:

EMA description and length adjusted

Nota Keluaran:

Show stop loss buy or sell depending price above or below slowest EMA

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SMA 40 added as special pullback indicator

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Added alerts for long or short trend change

Nota Keluaran:

Add MTF support for slow EMAs

Nota Keluaran:

SMA replaced by EMA for trend detection

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Length of EMAs can be set

Nota Keluaran:

MTF EMA not displayed by default, 20, 50, 200 ema default length

Nota Keluaran:

ATR Stop added as dots (bullish, bearish)

Nota Keluaran:

Input option for ema fast and middle length

Nota Keluaran:

EMA Ribbon added with option to hide it

Nota Keluaran:

Alert when price is close to trend EMA (default 200 EMA)

Nota Keluaran:

Performance improved, ema ribbon removed

Nota Keluaran:

TEMA for trend included

Nota Keluaran:

TEMA with custom length, pine version 5

Nota Keluaran:

Refactoring and 4th ema added

Nota Keluaran:

ATR stoploss multiplier added

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Added real price display for Heikin Ashi chart type

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Labels for engulfing candles added

Nota Keluaran:

Engulfing pattern bug fixed

Nota Keluaran:

Barcolor for engulfing added

Nota Keluaran:

Engulging candles added and atr to 10

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Volatility Stop Length added

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Inside bar added as candlestick pattern

Nota Keluaran:

Inside bar without color