4-EMA Signals + MTF Analysis

10 thg 6

4-EMA Signals + MTF Analysis Indicator: User Guide

This indicator is designed for active traders; from scalpers / intra-day traders to swing-traders who simply want an easy to understand, simple, but yet comprehensive and easy-to-understand indicator with a quick overview of initial market momentum and overall market direction to assist the trader in their initial trading.

The main feature of this indicator is that It overlays four exponential moving averages (EMAs), and provides a dashboard of real-time trend signals for both buy and sell (long/short) scenarios.

Settings Overview

MA Period Setup

• Custom: Set your own EMA periods.
  

• Conservative, Aggressive, Fibonacci: Quickly apply preset EMA period combinations for different trading styles.
  

EMA Periods (Custom Setup)

• Fast EMA: Shortest EMA, reacts quickly to price (default 7).
  
• Medium-Short EMA: Intermediate speed (default 25).
  
• Medium-Long EMA: Slower, filters out more noise (default 70).
  
• Slow EMA: Longest-term trend (default 200).
  

(These settings can be adjusted to suit your individual needs)

Main Indicator Features

Four EMAs: Plotted in distinct colors (green, yellow, orange, red) for quick trend recognition - this can be altered in colour to your personal preferences.

Buy/Sell Signals: Triangles appear below/above bars when EMA crossovers occur, optionally filtered by volume - the volume filter when applied greatly reduces the influx of signals, only giving high-quality signals!

Trading Sessions + Backgrounds: A trading session feature has been added: (London, New York, Asia, Sydney) with the choice of a background to indicate each global trading session.

Volume Overlay: Volume bars and a blue volume moving average line for context.

Dashboard Table (Top Right):

Market Direction: Shows the overall EMA alignment (bullish, bearish, weak, consolidating).

The initial trend on the 5m, 15m, 1H, and 4H time-frame to give a quick snapshot of overall trend direction.

How to Use

Trend Identification:
-- Use the EMA alignment and dashboard table to quickly see if the market is bullish, bearish, or consolidating.

EMA Set-up
-- Adjust the EMA settings to your specific requirements, the signals will alter depending on the volatility of the instrument your trading.

Signal Confirmation:
-- ''Buy'' signals simply appear when the faster EMAs cross above slower EMAs in and ''Sell'' signals simply appear when they cross below.

Volume Context:
--Use the volume moving average and the optional volume filter to avoid signals during low-activity periods.

No Repainting:
-- All signals and dashboard readings are calculated using only confirmed, closed bars. What you see in real time is exactly what will appear in your back-test — no repainting or look-ahead bias.

Alerts / Notifications

Now for the fun part:

1. Enable Buy/Sell Signal Alerts: Get notifications when buy or sell signals occur.
2. For Alerts to function correctly, set the ''condition'' to the indicator itself.
3. Select ''EMA Bearish Cross'' or ''EMA Bullish Cross'' depending whether you want alerts for either buy/sell signals - Or one can simply set alerts for both scenarios.
4. For ''Interval'' set to ''Same as chart'' - So, the time-frame which you'd like to trade on.
5. For ''Trigger'' set to ''Once Per Bar Close''.
6. Save.
7. Wait for a signal to occur!

NOTE: Before placing a trade, it's often best to also assess the market conditions at that time also - and not rely solely on the signals, the signals are to assist, and it's often occurred a signal has shown, but a pull-back occurs, and a FVG in discount holds -- it's this FVG holding, accompanied by volume, that's the real entry, possibly.

Tip: For the cleanest results, use the indicator during the most active sessions and always check multi-time-frame trend alignment before entering trades. Good Luck! :)

12 thg 6

Phát hành các Ghi chú

4-EMA Signals + MTF Analysis Indicator: User Guide

This indicator is designed for active traders; from scalpers / intra-day traders to swing-traders who simply want an easy to understand, simple, but yet comprehensive and easy-to-understand indicator with a quick overview of initial market momentum and overall market direction to assist the trader in their initial trading.

The main feature of this indicator is that It overlays four exponential moving averages (EMAs), and provides a dashboard of real-time trend signals for both buy and sell (long/short) scenarios.

Settings Overview

MA Period Setup
Custom: Set your own EMA periods.
Conservative, Aggressive, Fibonacci: Quickly apply preset EMA period combinations for different trading styles.

EMA Periods (Custom Setup)

Fast EMA: Shortest EMA, reacts quickly to price (default 7).
Medium-Short EMA: Intermediate speed (default 25).
Medium-Long EMA: Slower, filters out more noise (default 70).
Slow EMA: Longest-term trend (default 200).
(These settings can be adjusted to suit your individual needs)

Main Indicator Features

Four EMAs: Plotted in distinct colors (green, yellow, orange, red) for quick trend recognition - this can be altered in colour to your personal preferences.

Buy/Sell Signals: Triangles appear below/above bars when EMA crossovers occur, optionally filtered by volume - the volume filter when applied greatly reduces the influx of signals, only giving high-quality signals!

Trading Sessions + Backgrounds: A trading session feature has been added: (London, New York, Asia, Sydney) with the choice of a background to indicate each global trading session.

Volume Overlay: Volume bars and a blue volume moving average line for context.

Dashboard Table (Top Right):

Market Direction: Shows the overall EMA alignment (bullish, bearish, weak, consolidating).

The initial trend on the 5m, 15m, 1H, and 4H time-frame to give a quick snapshot of overall trend direction.

How to Use

Trend Identification:
-- Use the EMA alignment and dashboard table to quickly see if the market is bullish, bearish, or consolidating.

EMA Set-up
-- Adjust the EMA settings to your specific requirements, the signals will alter depending on the volatility of the instrument your trading.

Signal Confirmation:
-- ''Buy'' signals simply appear when the faster EMAs cross above slower EMAs in and ''Sell'' signals simply appear when they cross below.

Volume Context:
--Use the volume moving average and the optional volume filter to avoid signals during low-activity periods.

No Repainting:
-- All signals and dashboard readings are calculated using only confirmed, closed bars. What you see in real time is exactly what will appear in your back-test — no repainting or look-ahead bias.

Alerts / Notifications

Now for the fun part:

1. Enable Buy/Sell Signal Alerts: Get notifications when buy or sell signals occur.
2. For Alerts to function correctly, set the ''condition'' to the indicator itself.
3. Select ''EMA Bearish Cross'' or ''EMA Bullish Cross'' depending whether you want alerts for either buy/sell signals - Or one can simply set alerts for both scenarios.
4. For ''Interval'' set to ''Same as chart'' - So, the time-frame which you'd like to trade on.
5. For ''Trigger'' set to ''Once Per Bar Close''.
6. Save.
7. Wait for a signal to occur!

UPDATE:

• Volume Filter Sensitivity Added - 0.5 = Less Restrictive (More Signals, 1.5 = More Restrictive (Less Signals
  

• Volume Filter added to table
  

Frequency of Signals can now be adjusted depending on market volatility on any time-frame.