Trend Filter with 3 EMAs [9;21;50]

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Trend Filter with 3 EMAs

This indicator filters the current Trend by analysing the order of 3 EMAs:
- 9 EMA (fast)
- 21 EMA (moderate)
- 50 EMA (slow)

If the 9 is above the 21 and the 50, and the 21 above the 50, the trend is bullish (green)

If the 9 is below the 21 and the 50, and the 21 below the 50, the trend is bearish (red)

If none of the above conditions are met, the market ist ranging and the moving averages are gray.

All three EMAs can act as dynamic support & resistance.

⚠️ Important info: ⚠️

Do not use the indicator on its own. No indicator is magic. Only use in confluence with other price action methods.

11 jam lalu

Nota Keluaran

Trend Filter with 3 EMAs

This indicator filters the current Trend by analysing the order of 3 EMAs:
- 9 EMA (fast)
- 21 EMA (moderate)
- 50 EMA (slow)

If the 9 is above the 21 and the 50, and the 21 above the 50, the trend is bullish (green)

If the 9 is below the 21 and the 50, and the 21 below the 50, the trend is bearish (red)

If none of the above conditions are met, the market ist ranging and the moving averages are gray.

All three EMAs can act as dynamic support & resistance.

⚠️ Important info: ⚠️

Do not use the indicator on its own. No indicator is magic. Only use in confluence with other price action methods.