OPEN-SOURCE SCRIPT

Sentiment-Ampel 200 EMA + ADX

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Here is the English description for your TradingView tool:

EMA200 + ADX Multi-Timeframe Dashboard
This tool serves as a compact trend radar, providing a real-time visualization of market structure across multiple timeframes (M5, M15, H1, D). It is designed to help traders align with the higher-order trend and filter out low-probability signals.

Key Features:

Trend Traffic Light: Instantly indicates whether the current price is above (Green) or below (Red) the 200 EMA for each specific timeframe.

Trend Strength (ADX): Includes an integrated ADX value for the current chart. A green value signals a strong trending phase (ADX > 25), while a gray value indicates a weakening trend or sideways market.

Clean Design: Positioned discreetly in the bottom-left corner with a custom offset to the right, using minimalist symbols and clear white text for maximum readability without cluttering the chart.

How to Use:
Use this as a high-conviction confirmation tool. For example, look for Long entries primarily when the majority of the indicators are "Green" and the ADX confirms strong momentum.

Pernyataan Penyangkalan

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