INVITE-ONLY SCRIPT
EMA Color Candle Volume
Main Features
Buy/Sell Signals from EMA Crossover
The indicator uses a short EMA line and a long EMA line, along with an average EMA, to identify points where the short EMA crosses above or below the long EMA and the average EMA. These crossovers act as buy or sell entry signals.
Candle Colors Based on Volume Pressure
The indicator changes the color of the candlesticks based on buying and selling pressure calculated from trading volume. It uses four main colors to indicate the strength of buying or selling pressure on each candle.
Candle colors and their meanings:
Blue: High Buy Volume – green candles with volume above average
Green: Normal Buy Volume – green candles with volume at or below average
Red: Normal Sell Volume – red candles with volume at or below average
Orange: High Sell Volume – red candles with volume above average
How Volume Pressure is calculated
The buy and sell volumes are not separated in detail by price or order (Delta Volume), but instead use the total volume of each candle, divided by candle color (green or red).
If the candle is green (Close > Open), the volume is considered “buying pressure” with a higher weight (0.7) on buy volume and a lower weight (0.3) on sell volume.
If the candle is red (Close < Open), the volume is considered “selling pressure” with a higher weight (0.7) on sell volume and a lower weight (0.3) on buy volume.
Then, a 20-period SMA is calculated to compare current buying and selling pressure against historical averages.
BUY/SELL Labels Showing Volume Pressure
Displays “BUY” or “SELL” labels with volume amount on the candle when enabled.
Label sizes can be chosen (small, medium, large) for optimal display.
Repaint System (On/Off)
Option to calculate EMA based on real-time data (which may cause repainting) or use previous candle data for more stability.
Trend Zone Highlight
The chart background changes to light green or light red depending on the EMA trend direction to help visualize market trends easily.
Automatic Alerts
Instant alerts are triggered when buy or sell signals occur.
Additional Settings
Enable/disable candle coloring based on volume pressure
Adjust label size
Enable/disable EMA repaint system
Who is this for?
Traders who want clear and easy-to-understand EMA-based trade signals
Traders interested in analyzing buying and selling pressure on each candle using total volume
Users who prefer simple, customizable, and flexible tools
Developed using Pine Script v5
Compatible with all timeframes and all assets.
Buy/Sell Signals from EMA Crossover
The indicator uses a short EMA line and a long EMA line, along with an average EMA, to identify points where the short EMA crosses above or below the long EMA and the average EMA. These crossovers act as buy or sell entry signals.
Candle Colors Based on Volume Pressure
The indicator changes the color of the candlesticks based on buying and selling pressure calculated from trading volume. It uses four main colors to indicate the strength of buying or selling pressure on each candle.
Candle colors and their meanings:
Blue: High Buy Volume – green candles with volume above average
Green: Normal Buy Volume – green candles with volume at or below average
Red: Normal Sell Volume – red candles with volume at or below average
Orange: High Sell Volume – red candles with volume above average
How Volume Pressure is calculated
The buy and sell volumes are not separated in detail by price or order (Delta Volume), but instead use the total volume of each candle, divided by candle color (green or red).
If the candle is green (Close > Open), the volume is considered “buying pressure” with a higher weight (0.7) on buy volume and a lower weight (0.3) on sell volume.
If the candle is red (Close < Open), the volume is considered “selling pressure” with a higher weight (0.7) on sell volume and a lower weight (0.3) on buy volume.
Then, a 20-period SMA is calculated to compare current buying and selling pressure against historical averages.
BUY/SELL Labels Showing Volume Pressure
Displays “BUY” or “SELL” labels with volume amount on the candle when enabled.
Label sizes can be chosen (small, medium, large) for optimal display.
Repaint System (On/Off)
Option to calculate EMA based on real-time data (which may cause repainting) or use previous candle data for more stability.
Trend Zone Highlight
The chart background changes to light green or light red depending on the EMA trend direction to help visualize market trends easily.
Automatic Alerts
Instant alerts are triggered when buy or sell signals occur.
Additional Settings
Enable/disable candle coloring based on volume pressure
Adjust label size
Enable/disable EMA repaint system
Who is this for?
Traders who want clear and easy-to-understand EMA-based trade signals
Traders interested in analyzing buying and selling pressure on each candle using total volume
Users who prefer simple, customizable, and flexible tools
Developed using Pine Script v5
Compatible with all timeframes and all assets.
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本，且通常需付費。您可以將此腳本加入收藏，但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情，請依照作者說明或直接聯繫alphatrend79。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
contact rtrtanananan@gmail.com
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本，且通常需付費。您可以將此腳本加入收藏，但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情，請依照作者說明或直接聯繫alphatrend79。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
contact rtrtanananan@gmail.com
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。