OPEN-SOURCE SCRIPT
Full Candle 9 EMA Highlight
This indicator highlights momentum candles based on their complete position relative to the 9 EMA.
A candle is highlighted yellow only when it closes entirely above or entirely below the 9 EMA:
Fully above: the candle’s low is above the EMA
Fully below: the candle’s high is below the EMA
Candles that touch or cross the EMA are ignored, helping filter out chop and indecision.
Purpose
The goal is to reduce decision-making and visually isolate clean momentum conditions using a single indicator.
How to use
Yellow candle above the EMA → bullish momentum
Yellow candle below the EMA → bearish momentum
No highlight → stay out
Designed for:
5-minute charts
SPY / liquid index ETFs
Simple, rule-based trading
Minimal indicators and minimal discretion
This indicator is meant to be used as a visual guide, not a prediction tool. It works best during strong intraday trends and should be avoided during sideways market conditions.
A candle is highlighted yellow only when it closes entirely above or entirely below the 9 EMA:
Fully above: the candle’s low is above the EMA
Fully below: the candle’s high is below the EMA
Candles that touch or cross the EMA are ignored, helping filter out chop and indecision.
Purpose
The goal is to reduce decision-making and visually isolate clean momentum conditions using a single indicator.
How to use
Yellow candle above the EMA → bullish momentum
Yellow candle below the EMA → bearish momentum
No highlight → stay out
Designed for:
5-minute charts
SPY / liquid index ETFs
Simple, rule-based trading
Minimal indicators and minimal discretion
This indicator is meant to be used as a visual guide, not a prediction tool. It works best during strong intraday trends and should be avoided during sideways market conditions.
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.