INMERELO EMA Reclaim Highlighter

Overview

The INMERELO EMA Reclaim indicator highlights intraday candles reclaiming a configurable EMA on any timeframe. It identifies candles based on customizable candle geometry filters and confirms momentum using a custom MACD setup.

Features

Configurable Intraday EMA

Any EMA length and timeframe. Default: 6-period EMA on chart timeframe.

Highlights when price reclaims the EMA after a configurable number of prior closes below it.

Candle Geometry Filters (ORB-Style)

Open Position: Maximum position of open relative to candle range (0–1). Default: 0.40

Close Position: Minimum position of close relative to candle range (0–1). Default: 0.70

Body Fraction: Minimum body size relative to candle range. Default: 0.50

Custom MACD Filter

Fast line above slow line.

Configurable: Fast (default 6), Slow (default 20), Signal (default 9).

Prior Closes Below EMA Filter

Configurable minimum number of prior closes below EMA. Default: 2

Visual Options

Paint candle with configurable color.

Optional arrow display above reclaim candle (toggleable).

Flexible

Works on any intraday timeframe, including 5-minute, 2-minute, 15-minute, etc.

Settings Overview

Setting Default Notes

EMA Length 6 EMA used for reclaim detection

EMA Timeframe Chart TF Can be set to any intraday timeframe

Open ≤ 0.40 ORB-style filter

Close ≥ 0.70 ORB-style filter

Body Fraction 0.50 ORB-style filter

Min Prior Closes Below EMA 2 Minimum closes below EMA before reclaim

MACD Fast 6 Custom MACD fast line

MACD Slow 20 Custom MACD slow line

MACD Signal 9 Custom MACD signal line

Paint Candle True Highlights valid candles

Candle Color Lime Configurable

Show Arrow False Optional visual




Summary:

The INMERELO EMA Reclaim indicator identifies intraday candles reclaiming a configurable EMA, filtered by customizable candle geometry and MACD momentum. Visual options include painted candles and optional arrows, and all settings are fully configurable.