This indicator plots two customizable Exponential Moving Averages (EMAs) and fills the area between them with colors to easily identify trend direction and potential crossover points.
Key Features:
Fully Customizable EMAs: Set any period length for both Fast and Slow EMAs
Visual Trend Identification: Green fill when Fast EMA > Slow EMA (bullish), Red fill when Fast EMA < Slow EMA (bearish)
Complete Style Control: Customize colors, line widths, and line styles for each EMA
Fill Transparency: Adjust fill opacity to suit your chart setup
Flexible Source: Choose any price data point as the calculation source
Multi-timeframe Support: Works across all timeframes with proper gaps handling
Offset Option: Shift the indicator forward or backward for backtesting or forecast visualization
Trading Applications: Use this indicator to identify trend direction, momentum shifts, and potential entry/exit points. The colored fill between EMAs provides immediate visual confirmation of market conditions without requiring close examination of line crossovers.
Perfect for both novice traders seeking clear trend signals and experienced traders wanting a customizable EMA crossover system that integrates smoothly with their existing strategy.