Color Change EMA 200 (4H)

200 Color Change EMA (4H Locked)

Overview
This indicator displays a 200-period Exponential Moving Average (EMA) that is locked to the 4-hour timeframe, regardless of what chart timeframe you're currently viewing. The EMA line changes color dynamically based on price action to provide clear visual trend signals.

Key Features
• Multi-Timeframe Capability: Always shows the 4H 200 EMA on any chart timeframe
• Dynamic Color Coding:
- Green: Price is above the 200 EMA (bullish condition)
- Red: Price is below the 200 EMA (bearish condition)
• Clean Visual Design: Bold 2-pixel line width for clear visibility
• Real-time Updates: Colors change instantly as price crosses above or below the EMA

How to Use
1. Add the indicator to any timeframe chart
2. The 4H 200 EMA will appear as a smooth line
3. Watch for color changes:
- When the line turns green, it indicates price strength above the key moving average
- When the line turns red, it suggests price weakness below the moving average
4. Use for trend identification, support/resistance levels, and entry/exit timing

Best Practices
• Combine with other technical analysis tools for confirmation
• Use the color changes as alerts for potential trend shifts
• Consider the 200 EMA as a major support/resistance level
• Works well for swing trading and position sizing decisions

Settings
• Length: Default 200 periods (customizable)
• Source: Default closing price (customizable)

Perfect for traders who want to keep the important 4H 200 EMA visible across all timeframes with instant visual trend feedback.