EMA Clouds mit VWAPs (Trendfilter)

EMA Clouds with VWAPs (Trend Filter)

This indicator combines Exponential Moving Averages (EMAs) with Volume Weighted Average Prices (VWAPs) for the month and year to determine the current market trend and provide key support and resistance zones for potential entry points.
Key Features:

Fast and slow EMA Clouds to identify market trends.

Monthly and Yearly VWAPs to support trend analysis and identify significant support and resistance zones.

Trend Filter: Long trades are executed when the price is above the slow EMA (bullish trend), and short trades are executed when the price is below the slow EMA (bearish trend).

How it Works:

EMAs serve as the primary trend filter to determine if the market is in an uptrend or downtrend.

VWAPs for the month and year help analyze long-term price movements.

The trend filter identifies the market direction and signals potential entry and exit points.

Customization:

You can adjust the timeframes for the VWAPs and EMAs, as well as the line thickness for the plots.

The display options for the VWAPs and EMAs can be toggled on or off as needed.