OPEN-SOURCE SCRIPT

Color Change EMA 200 (4H)

106
200 Color Change EMA (4H Locked)

Overview
This indicator displays a 200-period Exponential Moving Average (EMA) that is locked to the 4-hour timeframe, regardless of what chart timeframe you're currently viewing. The EMA line changes color dynamically based on price action to provide clear visual trend signals.

Key Features
Multi-Timeframe Capability: Always shows the 4H 200 EMA on any chart timeframe
Dynamic Color Coding:
- Green: Price is above the 200 EMA (bullish condition)
- Red: Price is below the 200 EMA (bearish condition)
Clean Visual Design: Bold 2-pixel line width for clear visibility
Real-time Updates: Colors change instantly as price crosses above or below the EMA

How to Use
1. Add the indicator to any timeframe chart
2. The 4H 200 EMA will appear as a smooth line
3. Watch for color changes:
- When the line turns green, it indicates price strength above the key moving average
- When the line turns red, it suggests price weakness below the moving average
4. Use for trend identification, support/resistance levels, and entry/exit timing

Best Practices
• Combine with other technical analysis tools for confirmation
• Use the color changes as alerts for potential trend shifts
• Consider the 200 EMA as a major support/resistance level
• Works well for swing trading and position sizing decisions

Settings
Length: Default 200 periods (customizable)
Source: Default closing price (customizable)

Perfect for traders who want to keep the important 4H 200 EMA visible across all timeframes with instant visual trend feedback.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.