5-Min EMA with Dynamic Colors + Shading + Alerts

📊 Overview

This indicator plots three EMAs from the 5-minute timeframe on your current chart:

EMA 20 – Fast

EMA 50 – Medium

EMA 200 – Slow

It features:
✅ Dynamic EMA coloring based on price
✅ Shaded areas highlighting bullish/bearish trends
✅ Alerts for EMA trend confirmations

Perfect for traders looking for trend confirmation, pullback entries, and alert-based setups.

🎨 How It Works

EMA Calculation – Fetches EMA 20, 50, 200 from 5-minute charts.

Dynamic Colors – EMAs turn:

Green when price > EMA

Red when price < EMA

Shading – Highlights trends:

Green shading: EMA 20 & 50 > EMA 200 → Bullish

Red shading: EMA 20 & 50 < EMA 200 → Bearish

Neutral → No shading

Alerts – Trigger notifications for trend confirmations:

Bullish Confirmation: Both EMA 20 & 50 cross above EMA 200

Bearish Confirmation: Both EMA 20 & 50 cross below EMA 200

📈 Strategy Tips

Trend Confirmation: Use EMA 200 as a filter; trade in direction of EMA 20 & 50.

Pullback Entries: Watch retracements to EMA 50 or EMA 20.

Combine Alerts: Add RSI, MACD, or volume confirmation for stronger setups.

🔹 Visual Example
Scenario EMA Colors Shading Trend
Bullish Trend EMA 20 & 50: Green, EMA 200: Green Green Uptrend
Bearish Trend EMA 20 & 50: Red, EMA 200: Red Red Downtrend
Neutral / Mixed Mixed None Sideways

Indicator by [Dios51]
Easily track 5-min EMA trends, get alerts, and improve your trading decisions!