This EMA Candles indicator use the price movement between two user selected Exponential Moving Averages to help determine the current trend.
As of release, there are 5 possible bar color outputs, all of which are shown in the legend above.
The Five Electable Color Outputs:
Uptrend; Strong Uptrend; Downtrend; Strong Downtrend; n/a
I hope you all enjoy!...
Introduction
Based on the exponential averaging method with lag reduction, this filter allow for smoother results thanks to a multi-poles approach. Translated and modified from the Non-Linear Kalman Filter from Mladen Rakic 01/07/19 www.mql5.com
The Indicator
length control the amount of smoothing, the poles can be from 1 to 3, higher values create smoother...
Fork of the "Philakone 55 EMA Swing Trading Strategy" made by lvynnil
-Added 200EMA
-Changed shape of the arrows and added text of Buy & Sell
All credits go to lvynnil
For more informations about the original script go to:
This is an indicator that plots customizable Kijun Sen and Tenkan Sen from the Ichimoku chart.
Since Kijun and Tenkan can effectively be used as an alternative of EMA and can play a pivotal role in many strategies, this indicator can be helpful
This indicator measures the distance between the Guppy EMAs.
Fast and Slow Guppy distances are plotted based on traditional Chris Moody Guppy colors.
Green = Long Term Bullish
Red = Long Term Bearish
Gray = Neither
Similarly colors for ST Bullish and Bearish signals based on Guppy.
Thank you, CM and xkavalis!
Multiple EMA. Color switch of slowest EMA (def=200) when price close below or above. Trend marker when fastest EMA (def=9) cross slowest EMA (def=200).
This indicator is still an alpha version.
This indicator shows you that deviation from specific EMA (Red Line). It can help you to do Countertrade when price "skyrockets" or "Sudden drop".
Blue Line show you that sum of difference from Moving Average of 5 types EMAs. It shows "Divergence" like MACD.
With this little script you can have 4 moving averages (either simple or exponential)
2 x day ma's and 2 x week ma's.
The advantage is, you can use a smaller time frames, eg on an 1hr and values will show the values of a day and week time frame.
It also has an option in settings to indicate where the weekends are (with all the bots this is getting less...
![XBTUSD.P: Philakone 5EMA Swing Trading Strategy [Buy&Sell Signals]](https://s3.tradingview.com/f/fdZWgqR7_mid.png "Philakone 5EMA Swing Trading Strategy [Buy&Sell Signals]")
