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iulifx EMA
The indicator is built on an 8-period moving average that closely follows price action.
When a candle closes completely beyond the moving average, it’s a signal to be cautious, as this may indicate a potential trend reversal.
If only the wick of the candle reaches the moving average and then gets absorbed, it can be interpreted as a retest, suggesting an opportunity to enter the market in the current trend direction.
Additionally, candle colors reflect market volume conditions:
Blue candles indicate an overbought zone, showing strong buying pressure — a potential start of a bullish move.
Black candles indicate an oversold zone, reflecting strong selling pressure.
If one of these colored candles breaks the moving average with strength and momentum, it strongly suggests that a trend reversal is likely underway.
When a candle closes completely beyond the moving average, it’s a signal to be cautious, as this may indicate a potential trend reversal.
If only the wick of the candle reaches the moving average and then gets absorbed, it can be interpreted as a retest, suggesting an opportunity to enter the market in the current trend direction.
Additionally, candle colors reflect market volume conditions:
Blue candles indicate an overbought zone, showing strong buying pressure — a potential start of a bullish move.
Black candles indicate an oversold zone, reflecting strong selling pressure.
If one of these colored candles breaks the moving average with strength and momentum, it strongly suggests that a trend reversal is likely underway.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
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.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
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.