EMA Color Candle Volume

Buy/Sell Signals from EMA Crossover
The indicator uses a short EMA line and a long EMA line, along with an average EMA, to identify points where the short EMA crosses above or below the long EMA and the average EMA. These crossovers act as buy or sell entry signals.
Candle Colors Based on Volume Pressure
The indicator changes the color of the candlesticks based on buying and selling pressure calculated from trading volume. It uses four main colors to indicate the strength of buying or selling pressure on each candle.
Candle colors and their meanings:
Blue: High Buy Volume – green candles with volume above average
Green: Normal Buy Volume – green candles with volume at or below average
Red: Normal Sell Volume – red candles with volume at or below average
Orange: High Sell Volume – red candles with volume above average
How Volume Pressure is calculated
The buy and sell volumes are not separated in detail by price or order (Delta Volume), but instead use the total volume of each candle, divided by candle color (green or red).
If the candle is green (Close > Open), the volume is considered “buying pressure” with a higher weight (0.7) on buy volume and a lower weight (0.3) on sell volume.
If the candle is red (Close < Open), the volume is considered “selling pressure” with a higher weight (0.7) on sell volume and a lower weight (0.3) on buy volume.
Then, a 20-period SMA is calculated to compare current buying and selling pressure against historical averages.
BUY/SELL Labels Showing Volume Pressure
Displays “BUY” or “SELL” labels with volume amount on the candle when enabled.
Label sizes can be chosen (small, medium, large) for optimal display.
Repaint System (On/Off)
Option to calculate EMA based on real-time data (which may cause repainting) or use previous candle data for more stability.
Trend Zone Highlight
The chart background changes to light green or light red depending on the EMA trend direction to help visualize market trends easily.
Automatic Alerts
Instant alerts are triggered when buy or sell signals occur.
Additional Settings
Enable/disable candle coloring based on volume pressure
Adjust label size
Enable/disable EMA repaint system
Who is this for?
Traders who want clear and easy-to-understand EMA-based trade signals
Traders interested in analyzing buying and selling pressure on each candle using total volume
Users who prefer simple, customizable, and flexible tools
Developed using Pine Script v5
Compatible with all timeframes and all assets.
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Penafian
Skrip jemputan sahaja
Hanya pengguna yang diberikan kebenaran oleh penulis mempunyai akses kepada skrip ini dan ini selalunya memerlukan pembayaran. Anda boleh menambahkan skrip kepada kegemaran anda tetapi anda hanya boleh menggunakannya selepas meminta kebenaran dan mendapatkannya daripada penulis — ketarhui lebih lanjut di sini. Untuk lebih butiran, ikuti arahan penulis di bawah atau hubungi alphatrend79 secara terus.
TradingView tidak menyarankan pembayaran untuk atau menggunakan skrip kecuali anda benar-benar mempercayai penulisnya dan memahami bagaimana ia berfungsi. Anda juga boleh mendapatkan alternatif sumber terbuka lain yang percuma dalam skrip komuniti kami.
Arahan penulis
Amaran: sila baca panduan kami untuk skrip jemputan sahaja sebelum memohon akses.