OPEN-SOURCE SCRIPT
EMA 5/9 Ribbon + VWAP + Trend Filters
**Description:**
This indicator combines EMA ribbon analysis with VWAP and volume-based trend filters to help traders identify high-probability entries. It is designed for clarity, providing visual signals, trend bias, and key market metrics directly on the chart.
**Key Features:**
* EMA Ribbon (5 & 9) that changes color based on trend and VWAP cross.
* Buy/Sell signals with optional “strong” signals when trend and volume confirm.
* VWAP crossover arrows (yellow) highlight stronger trends.
* Sideways detection filter to reduce signals during choppy markets.
* Adjustable ribbon and sideways background colors via settings.
* Live trend table showing:
* Current trend bias (Bullish/Bearish/Sideways)
* Bullish vs Bearish volume percentage
* ATR for volatility insight
* Optional background highlight for sideways zones.
**User Inputs:**
* EMA lengths, ATR length, volume lookback
* Sideways detection toggle and sensitivity
* Table placement options (top-right, top-center, bottom-right, bottom-center)
* Customizable colors for bullish, bearish, VWAP, and sideways zones
**Benefits:**
* Quickly visualize trend direction and momentum.
* Avoid signals during sideways or low-volatility periods.
* Makes chart analysis faster and more intuitive.
* Fully customizable to match personal trading style.
**Recommended Use:**
Best used on intraday or swing charts to confirm trend and momentum. Combine with other analysis tools (support/resistance, candlestick patterns, or additional indicators) for higher confidence trades.
This indicator combines EMA ribbon analysis with VWAP and volume-based trend filters to help traders identify high-probability entries. It is designed for clarity, providing visual signals, trend bias, and key market metrics directly on the chart.
**Key Features:**
* EMA Ribbon (5 & 9) that changes color based on trend and VWAP cross.
* Buy/Sell signals with optional “strong” signals when trend and volume confirm.
* VWAP crossover arrows (yellow) highlight stronger trends.
* Sideways detection filter to reduce signals during choppy markets.
* Adjustable ribbon and sideways background colors via settings.
* Live trend table showing:
* Current trend bias (Bullish/Bearish/Sideways)
* Bullish vs Bearish volume percentage
* ATR for volatility insight
* Optional background highlight for sideways zones.
**User Inputs:**
* EMA lengths, ATR length, volume lookback
* Sideways detection toggle and sensitivity
* Table placement options (top-right, top-center, bottom-right, bottom-center)
* Customizable colors for bullish, bearish, VWAP, and sideways zones
**Benefits:**
* Quickly visualize trend direction and momentum.
* Avoid signals during sideways or low-volatility periods.
* Makes chart analysis faster and more intuitive.
* Fully customizable to match personal trading style.
**Recommended Use:**
Best used on intraday or swing charts to confirm trend and momentum. Combine with other analysis tools (support/resistance, candlestick patterns, or additional indicators) for higher confidence trades.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.