OPEN-SOURCE SCRIPT

Shezab AlgoLabs – EMA Trend Utility

120
Overview
This is a simple but polished EMA trend tool from Shezab AlgoLabs, designed as a clean, open-source utility for any market and timeframe.

It plots a fast and slow EMA with a branded teal–magenta color scheme, colors the bars by trend direction, and shows clear BUY / SELL arrows on EMA crossovers, with optional alerts.

Features
• Fast EMA (trend) and Slow EMA (bias) with configurable lengths
• Colored EMA cloud:
– Teal cloud in bullish phases (fast above slow)
– Red cloud in bearish phases (fast below slow)
– Neutral grey cloud when EMAs are flat/overlapping
• Optional bar coloring by trend direction
• BUY arrow below the bar on bullish EMA crossover
• SELL arrow above the bar on bearish EMA crossover
• Alert conditions for both bullish and bearish crossovers

How traders can use it
• As a simple trend filter (only buy when fast EMA is above slow EMA, sell when below)
• To time entries on crossover signals (with alerts enabled)
• As a visual layer under more advanced tools, including probability or confluence engines

Scaling note (important)
This script is set to use the right-hand price scale (scale = scale.right).
If EMAs ever look “detached” from price, simply:
• Right-click on the right price axis → Reset Scale
This is a TradingView scaling behavior, not a problem with the script.

About Shezab AlgoLabs
Shezab AlgoLabs is building a suite of visual, probability-driven tools for traders across Forex, indices, crypto, stocks and more.
This EMA Trend Utility is our open-source foundation; more advanced multi-wave probability engines and premium tools will follow as invite-only scripts.

免責聲明

這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。