OPEN-SOURCE SCRIPT
Sentiment-Ampel 200 EMA + ADX
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.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.