OPEN-SOURCE SCRIPT
Обновлено

Trend EMA (MTF) + 4H 200 EMAf

370
WHAT THIS DOES

Plots a higher-timeframe trend EMA on any chart (default: 60-period EMA of daily closes), colored by its slope: green while rising, red while falling. A second reference line plots the 200 EMA computed on 4-hour bars regardless of your chart timeframe. Floating chips at the end of each line identify them at a glance ("Daily trend EMA" / "4H 200 EMA"), with the trend chip showing a live direction arrow.

KEY FEATURES

- Trend EMA timeframe is selectable: Hourly, 4-Hour, or Daily (length configurable, default 60)
- Slope coloring: the line turns green when rising and red when falling, so trend state is readable without any oscillator
- Hover-to-peek bar coloring: hover over or select the indicator and the price bars instantly color green/red based on whether price is above or below the trend EMA. Click empty chart space and the coloring disappears. No settings required.
- Permanent bar coloring: if you prefer always-on painting, enable it in the Style tab ("Price bar coloring (permanent)")
- Session pinning: EMAs are computed on a fixed data session (Extended 24H by default), so the 4H 200 EMA shows the SAME value whether you view it from a 15-minute, 4-hour, or 3-day chart
- Smart labels: the two chips automatically split apart vertically when the lines converge, so they never overlap

HOW IT WORKS

- The higher-timeframe EMA is requested with gaps enabled, so it prints once per HTF bar and draws as a smooth connected line on intraday charts instead of a stair-step
- Slope state is persisted across the in-between bars, driving the line color, the label color, and the direction arrow
- The data session is pinned via ticker.modify(). Extended-hours data only exists on intraday charts, so an intraday EMA inherited from chart data changes value when you switch to daily+ timeframes. Pinning the session removes that inconsistency, which is a subtle but real problem with most MTF EMA scripts.
- The peek feature works by plotting exact candle copies behind the main price bars, colored by position vs the EMA. TradingView raises a hovered or selected indicator above the main series, which reveals them; deselecting drops them behind the bars again.

HOW TO USE IT

- Trend filter: take longs while the trend EMA is green and price holds above it, shorts while red and below. The bar-peek gives an instant read on how price has interacted with the EMA historically.
- Pullback reference: on intraday charts, the daily trend EMA often acts as a dynamic pullback zone within trends.
- The 4H 200 EMA is a slower structural reference; confluence of the two lines tends to mark meaningful support/resistance zones.

SETTINGS

- Trend EMA: timeframe, length, width, rising/falling colors
- Bar coloring: above/below colors (used by both peek and permanent modes)
- 4H 200 EMA: show/hide, color, width
- Labels: show/hide, offset from last bar
- Data: session used for intraday EMAs (Extended 24H / Regular hours / Chart)

NOTES

- Designed for chart timeframes at or below the selected EMA timeframe. On higher timeframes the intraday EMAs are sampled once per chart bar (coarser but consistent thanks to session pinning).
- The peek feature relies on solid candle/bar styles. With hollow candles, disable the "Bars above/below EMA" plots in the Style tab.
- If bars appear permanently colored after adding the indicator, right-click it and choose Visual order > Send to back.

This is a technical analysis tool for educational purposes, not financial advice.
Информация о релизе
Added 200d moving average

Отказ от ответственности

Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.