OPEN-SOURCE SCRIPT

EMA Technical Analysis with Reversal Zones

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Key Features:

1. EMA Analysis:
• Plots multiple EMAs: 5, 9, 13, 21, 50.
• Highlights bullish/bearish crossovers:
• EMA 5/13 crossover
• EMA 9/21 crossover
• Crossovers are marked with colored circles on the chart.

2. VWAP (Volume-Weighted Average Price):
• Custom color changes based on price relation:
• Green if above
• Red if below

3. MACD:
• Customizable MACD settings.
• Evaluates both signal line crossover and MACD > 0 condition.
• Displayed in the table for quick trend strength checks.

4. PSAR (Parabolic SAR):
• Plotted as dots with color change based on price relation.

5. RSI & Bollinger Bands:
• RSI helps gauge momentum.
• Bollinger Bands mark overbought/oversold extremes.
• Close proximity to upper/lower bands is highlighted with custom logic.

6. ADX (Trend Strength):
• Assesses whether the market is trending strongly.
• Indicates bullish or bearish strength with arrows or dots in the table.

7. SPX/VIX Market Sentiment Integration:
• Uses SPX (S&P 500) and VIX data for additional context.
• Custom coloring for fear/greed scenarios.

8. Dynamic Status Table:
• Located at a user-defined screen position.
• Displays real-time conditions for all indicators.
• Uses colored dots/arrows for quick scanning.

9. Reversal Zones:
• Uses Bollinger Bands + RSI to define:
• Oversold (Red Background)
• Overbought (Green Background) zones

10. Confirmation Zones:
• Combines EMA and MACD crossovers for:
• Bullish confirmation (Green Background)
• Bearish confirmation (Red Background)

11. Alerts:
• Built-in alerts for:
• EMA crossovers
• Deep overbought/oversold
• Confirmation signals

Penafian

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