INVITE-ONLY SCRIPT
watch_dog
📘 Description
Watch_dog – Moving Averages Strategy is a lightweight trend-monitoring indicator built on three adaptive Exponential Moving Averages (EMAs).
It is designed to help traders identify market structure shifts, momentum changes, and higher-timeframe trend direction, with optional alert support.
The indicator dynamically adjusts its moving-average lengths based on the active chart timeframe, making it suitable for lower-timeframe trading and scalping workflows.
📐 Components
The script plots three EMAs calculated from HLC3:
MMA20 (Structure EMA)
A short-term EMA used to track minor market structure and price responsiveness.
MMA50 (Moment EMA)
A medium-term EMA used to identify momentum shifts and short-term trend bias.
MMA200 (Trend EMA)
A long-term EMA used to define the prevailing market trend.
Watch_dog – Moving Averages Strategy is a lightweight trend-monitoring indicator built on three adaptive Exponential Moving Averages (EMAs).
It is designed to help traders identify market structure shifts, momentum changes, and higher-timeframe trend direction, with optional alert support.
The indicator dynamically adjusts its moving-average lengths based on the active chart timeframe, making it suitable for lower-timeframe trading and scalping workflows.
📐 Components
The script plots three EMAs calculated from HLC3:
MMA20 (Structure EMA)
A short-term EMA used to track minor market structure and price responsiveness.
MMA50 (Moment EMA)
A medium-term EMA used to identify momentum shifts and short-term trend bias.
MMA200 (Trend EMA)
A long-term EMA used to define the prevailing market trend.
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