OPEN-SOURCE SCRIPT

EMA Trend Recognition

47
EMA Trend Recognition — “Double-Vision Trend Glasses” 👓⚡

In short:
Your chart gets two voices — the Major trend (EMA50 vs EMA200) for the big picture, and the Minor trend (EMA9 vs EMA20) for the short-term mood.
When both sing the same tune, you get a STRONG signal.
When they argue, it’s a WEAK one. Simple. Clean. Effective.

🧭 What this indicator does

Major Trend (Long-Term):
EMA50 above EMA200 → Bullish.
EMA50 below EMA200 → Bearish.
This tells you where the market really wants to go.

Minor Trend (Short-Term):
EMA9 above EMA20 → Bullish.
EMA9 below EMA20 → Bearish.
This shows you what the market feels like right now.

Trend Combinations (The Magic):

🟢 STRONG BUY: Major ↑ + Minor ↑ → full alignment, go with the flow.

🔴 STRONG SELL: Major ↓ + Minor ↓ → both down, no mercy.

🟡 WEAK BUY: Major ↑, Minor ↓ → pullback zone? early dip? maybe.

🟠 WEAK SELL: Major ↓, Minor ↑ → short-term bounce inside a downtrend.

🎨 Background Colors & Info Panel

Bright Green: STRONG BUY

Bright Red: STRONG SELL

Faded Green/Red: WEAK signals (trend disagreement)

Bottom Info Table:

Major Trend: “BULLISH ↑” or “BEARISH ↓”

Minor Trend: same logic, faster tempo

Signal: shows STRONG/WEAK/NEUTRAL status

Price: latest close price (because yes, we all check that)

🔔 Alerts (so you don’t stare all day)

MAJOR TREND CHANGE: “Now Bullish!” or “Now Bearish!”

MINOR TREND CHANGE: quicker reversals

STRONG BUY/SELL: when both trends line up perfectly

(Alerts trigger only on bar close — no disco flicker alerts.)

🧠 Visuals — Simple but Smart

EMA 200 & 50: thick lines = your market highway

EMA 20 & 9: thin lines = your turn signals

Muted colors, so your eyes survive long trading sessions

🚀 Why it’s useful

Trend Trading: Filter out noise, ride the momentum.

Pullback Entries: WEAK signals often mark “turning back in” moments.

System Building: Use “STRONG” as a market bias filter, “MINOR” flips as entry triggers.

⚙️ Pro Tips

Timeframes: EMAs are fixed, but meaning scales with TF.
On 1H or 4H, they often reflect daily/weekly momentum.

Context: Combine with structure (HH/HL/LH/LL), zones (OB/FVG), or volume.

Risk Management: Signal ≠ free money. Always define SL/TP and RR.

⚠️ Disclaimer

No financial advice, no crystal ball.
This indicator helps you see — but you still decide when to act.
Backtest and paper-trade before going live.

Short Pitch (for the top “Summary” line on TradingView):
“Two EMA pairs, one clear trend compass — Major shows direction, Minor sets the rhythm. When both agree, it’s STRONG. When they argue, it’s WEAK. Clean, fast, and easy to read.” ✅


Feel free to commend and if u have inspirations to add something, let me know, cheers :D

Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.