OPEN-SOURCE SCRIPT

EMA200 Momentum Zone

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EMA200 Momentum Zone is a clean and minimal momentum-based indicator designed for intraday trading and scalping.

The script combines:

EMA200 as a fair value and trend filter

Parabolic SAR for timing

MACD momentum cross for confirmation

ATR-based zone filter to avoid chop near EMA and late entries at extremes

ATR-based take profit projection for quick decision-making

The indicator highlights only those moments when price is inside the optimal momentum zone — not too close to the mean, and not too far from it.

How it works:

Buy signals appear only in bullish conditions above EMA200

Sell signals appear only in bearish conditions below EMA200

Signals are filtered by minimum and maximum ATR distance from EMA200

A visual take-profit line is drawn using 1× ATR and remains active for a limited number of bars

TP labels show the projected move shown as a percentage for instant evaluation

Recommended use:

Designed for 1-minute charts

Works best on indices, gold, and liquid futures

Can be used as a signal tool or a momentum scanner

Alerts are supported

Important note:

This indicator is for educational purposes only and does not provide financial advice.
Always manage risk and confirm signals with your own analysis.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.