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Stacked EMA Candle Colors - Enhanced

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๐Ÿ“Š Stacked EMA Candle Colors โ€“ Trend Strength Visualizer

Description:
๐Ÿš€ Overview:
The Stacked EMA Candle Colors โ€“ Trend Strength Visualizer is a simple yet powerful indicator that helps traders identify market trends using Exponential Moving Averages (EMAs). By dynamically coloring candles based on the strength and alignment of multiple EMAs, this tool makes it easier to spot bullish and bearish trends at a glance, without cluttering your chart with multiple EMA lines.

๐Ÿ”น Key Features:
โœ… Four Customizable EMA lengths (adjust in settings)
โœ… Candles change color based on EMA stacking (adjustable)
โœ… Four-part gradient-based strength visualization for momentum confirmation (adjustable)
โœ… Works on all timeframes and asset classes

๐ŸŽจ How It Works:

When shorter EMAs (e.g., 9, 21) are above longer EMAs (e.g., 50, 200), the trend is bullish, and candles turn green/lime based on momentum strength.

When shorter EMAs are below longer EMAs, the trend is bearish, and candles turn red/pink depending on trend intensity.

If no clear trend is detected, candles remain gray for neutrality.

๐Ÿ“ˆ Ideal for:
โœ”๏ธ Trend traders who want a clear visual representation of momentum
โœ”๏ธ Scalpers, day traders, and swing traders looking for quick trend confirmation
โœ”๏ธ Anyone who wants to enhance their chart readability

๐Ÿ”ง Customization:
Easily adjust the EMA periods in the settings menu to fit your preferred trading strategy!

๐Ÿš€ Add this indicator to your TradingView chart and spot trends with confidence!

Penafian

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