DeadCatBounce Short EMA Trend

DeadCatBounce Short EMA Trend

DeadCatBounce Short EMA Trend is a simple and responsive trend-following indicator built around two commonly used exponential moving averages: the 21 EMA and 50 EMA. It is designed to help traders quickly identify short-term trend direction, momentum shifts, gap fills, and potential entry or exit signals.

How It Works

The indicator calculates and plots:
21 EMA – fast, short-term momentum
50 EMA – slower, trend-defining average

Trend direction is determined by the relationship between these two EMAs. When the faster EMA crosses above or below the slower EMA, it highlights potential changes in momentum.

Optional crossover triangle signals can be displayed directly on the chart to visually mark bullish and bearish EMA cross events.

Features:

• Clean overlay of 21 EMA and 50 EMA
  
• Customizable colors for each EMA
  
• Optional crossover triangle signals
  

This indicator provides a fast and clear visual representation of EMA-based trend conditions without unnecessary complexity.