OPEN-SOURCE SCRIPT

Shezab AlgoLabs EMA Trend Utility

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Overview
This tool is a clean and practical EMA trend utility built to help traders quickly understand market direction, trend regime, and momentum shifts. It plots a fast EMA and slow EMA using a branded color theme and highlights transitions between bullish and bearish conditions. The script also includes optional visual crossover markers to make regime changes easier to spot.

How it works
The relationship between the fast and slow EMA is used to classify the trend environment:

When the fast EMA is above the slow EMA, the market is considered in a bullish phase.

When the fast EMA is below the slow EMA, the market is considered in a bearish phase.

The script also provides optional:

Colored bars reflecting trend direction

Crossover labels to highlight momentum shifts

Background cloud to visually emphasize trending or neutral conditions

Optional alerts for crossover events

These visual features help traders recognize potential trend transitions without implying a complete trading system.

How to use it
This tool is designed as a supplemental decision aid. Traders can combine it with their preferred structure analysis, volume tools, oscillators, or confirmation methods. The crossover markers and alerts highlight shifts in trend behavior but are informational rather than mechanical buy/sell signals. Users should apply their own risk-management and entry criteria.

Originality
This script goes beyond a standard EMA by combining multiple elements into a single, cohesive trend-clarification tool:
• regime coloring
• optional cloud regions
• crossover markers
• visual dynamic styling using a unified aesthetic palette

It is not a mashup of existing scripts; all components are integrated specifically to support traders who prefer a simple-yet-clear visual framework for understanding trend behavior.

Thông báo miễn trừ trách nhiệm

Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.