Visual Trend Indicator Using EMA Direction Across Timeframes

Summary

This indicator labels trend direction from the slope or direction of an exponential moving average over a user-selected period. It displays an uptrend in green and a downtrend in red, and supports chart intervals ranging from hourly to monthly. Users can adjust the moving-average period and text display settings, including label size and position.

The description presents the indicator as a visual aid and mentions intraday use on hourly and shorter intervals. It does not explain the precise rule for determining EMA direction, provide entry or exit conditions, or show historical testing. The color signal alone therefore does not establish a trade recommendation or demonstrate profitability; users would need to specify how to act on it and evaluate the result, including sensitivity to timeframe and period choice.

Key ideas

• The indicator uses EMA direction to classify a trend as upward or downward.
• It uses green for upward conditions and red for downward conditions.
• The EMA period and label appearance can be configured.
• It supports several chart timeframes, with the source mentioning intraday use.
• No trade rules or performance evidence are provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.