S.T.R.I.K.E. EMA Shadow
How to Read the Shadow
• Green shadow: The 21 EMA is above the 55 EMA, indicating bullish market conditions.
• Red shadow: The 21 EMA is below the 55 EMA, indicating bearish market conditions.
• Expanding shadow: The distance between the EMAs is increasing, which may indicate strengthening momentum.
• Contracting shadow: The EMAs are moving closer together, which may indicate weakening momentum, consolidation, or a possible trend change.
• EMA crossover: The 21 and 55 EMAs are crossing, which may indicate that the market is transitioning into a different trend.
Customization
Select the settings gear beside the indicator’s name.
• Use the Inputs tab to change the bullish and bearish shadow colors or transparency.
• Use the Style tab to change the EMA line colors, thickness, or visibility.
Important
The S.T.R.I.K.E. EMA Shadow is a trend filter. It does not provide buy signals, sell signals, stop losses, take profits, or trade alerts.
Confirm potential entries using support and resistance, market structure, liquidity, break-close-retest confirmation, and price action. Because the shadow can change while the current candle is open, use a closed candle when confirming a trend change.
• Green shadow: The 21 EMA is above the 55 EMA, indicating bullish market conditions.
• Red shadow: The 21 EMA is below the 55 EMA, indicating bearish market conditions.
• Expanding shadow: The distance between the EMAs is increasing, which may indicate strengthening momentum.
• Contracting shadow: The EMAs are moving closer together, which may indicate weakening momentum, consolidation, or a possible trend change.
• EMA crossover: The 21 and 55 EMAs are crossing, which may indicate that the market is transitioning into a different trend.
Customization
Select the settings gear beside the indicator’s name.
• Use the Inputs tab to change the bullish and bearish shadow colors or transparency.
• Use the Style tab to change the EMA line colors, thickness, or visibility.
Important
The S.T.R.I.K.E. EMA Shadow is a trend filter. It does not provide buy signals, sell signals, stop losses, take profits, or trade alerts.
Confirm potential entries using support and resistance, market structure, liquidity, break-close-retest confirmation, and price action. Because the shadow can change while the current candle is open, use a closed candle when confirming a trend change.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.