EMA Stack Auto TrendlinesMost auto-trendline tools find their swing points with fractals — a high with N lower highs either side of it. This one finds them with EMA structure instead.
How swings are identified
Six EMAs are tracked: 5, 12, 34, 50, 72 and 89, calculated on hl2 by default. The script cares about one thing — whether they are perfectly stacked:
Bullish: 5 > 12 > 34 > 50 > 72 > 89
Bearish: 5 < 12 < 34 < 50 < 72 < 89
While the market is in a bullish swing, every candle high is tracked and the highest one
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