OPEN-SOURCE SCRIPT

Prev TF CLOSE EMA Box (Resets Every TF)

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⚙️ Key Features

✅ Custom reset timeframe (independent of chart TF)

✅ Uses previous CLOSED EMA (no lookahead)

✅ Box instead of line (clearer structure)

✅ Optional “disrespected → gray” logic

✅ Wick-based or close-based validation

✅ Works on futures, crypto, forex, equities

📈 How to Use

Treat the box as a dynamic support / resistance zone

Best used for:

Trend continuation

Mean reversion

Bias filtering (above = bullish, below = bearish)

When the box turns gray, the EMA level has lost structural validity

❗ Important Notes

This is not a signal indicator

No entries or exits are generated

Designed for context, bias, and structure

Combine with price action, liquidity, or session logic

🧩 Inputs Explained

Reset / EMA TF → timeframe used for EMA calculation & box reset

EMA Length → standard EMA length (default 9)

Box Height → thickness of the EMA zone

Disrespect Logic → optional invalidation behavior

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.