EMA Trend cloud Dashboard Intraday

29 de nov. de 2023

Explanatory Note - Intraday EMA Trend Dashboard

Objective of the Script, Usage Criteria:

This script aims to provide an intraday dashboard for quickly assessing the direction of the Exponential Moving Average (EMA) trend on various timeframes. The usage criteria include identifying bullish and bearish conditions based on crossovers between fast and slow EMAs.

Available Time Units:

Users can observe the intraday EMA trend on the following time units:

5 minutes
15 minutes
1 hour
4 hours
1 day
How to Use:

Theme Selection:

Use the "Theme" option to choose between a dark or light theme.
EMA Periods:

Set the period of the fast EMA with the "Fast EMA Period" option.
Set the period of the slow EMA with the "Slow EMA Period" option.
Observing the Dashboard:

The dashboard is structured with arrows indicating the trend direction (▲ for bullish, ▼ for bearish).
The colors in the table reflect the trend: blue for bullish, red for bearish.
EMAs Cloud:

The cloud between the 20 and 50 EMAs is colored blue (bullish) or red (bearish) based on the position of the 20 EMA relative to the 50 EMA.
Note: This script is designed for intraday trading.

Notes:

The script uses text labels to simulate a table because TradingView does not directly support tables on the chart. Colors and styles can be customized based on user preferences.

Note: This script is not financial advice and is provided for educational purposes only.