OPEN-SOURCE SCRIPT
9EMA Slapper
The 9EMA Slapper is your all-in-one solution for catching trend reversals and volume surges. This powerful indicator combines the 9-period EMA with multi-level volume strength analysis, delivering precise buy and sell signals based on dynamic volume trends. Here’s what makes it stand out:
Key Features 🚀
9EMA for Trend Detection
The 9-period EMA serves as the backbone, highlighting short-term trends and crossovers.
Uptrend & downtrend states switch based on price crossing above or below the EMA.
Dynamic Volume Analysis 📊
Detects volume strength with a customizable threshold, focusing on the 20-period moving average for better accuracy.
Highlights "Buy" and "Sell" volumes separately, allowing you to see the power behind each move.
Multi-Bar Volume Confirmation 🔥
Tracks volume strength over 1 to 5 bars, where:
1-Bar Signal: Initial sign of strong volume
5-Bar Signal: Extreme volume strength, often hinting at major moves ahead.
Customizable bar confirmation (1-5 bars) to catch trends early or wait for added confirmation.
Signal Alerts with Style 🎯
Clearly plotted signals for bullish/bearish trends:
1-5 bar signals appear as labels on your chart for easy visualization.
Color-coded for clarity, from lime green (1-bar) to bright white (5-bar).
Alerts for every signal, so you won’t miss a beat even when away from the chart.
Candle Coloring & Day Breaks 🌄
Candles change color dynamically based on trend direction and volume strength:
Strong Uptrend: Bright green
Strong Downtrend: Bold red
Subtle day breaks to enhance chart readability.
When to Use 📈
Trend Reversals: Catching the switch in trends as price crosses the 9EMA with volume confirmation.
Volume Surges: Identifying when volume surges beyond the average, suggesting stronger momentum.
Multi-Level Confirmation: See signals between early 2-bar signals or wait for solid 5-bar confirmations, ideal for different trading styles.
With 9EMA Slapper, you get a powerful tool for tracking market momentum and volume strength. Try it out, catch those signals, and make better trading decisions! 📉📈
Key Features 🚀
9EMA for Trend Detection
The 9-period EMA serves as the backbone, highlighting short-term trends and crossovers.
Uptrend & downtrend states switch based on price crossing above or below the EMA.
Dynamic Volume Analysis 📊
Detects volume strength with a customizable threshold, focusing on the 20-period moving average for better accuracy.
Highlights "Buy" and "Sell" volumes separately, allowing you to see the power behind each move.
Multi-Bar Volume Confirmation 🔥
Tracks volume strength over 1 to 5 bars, where:
1-Bar Signal: Initial sign of strong volume
5-Bar Signal: Extreme volume strength, often hinting at major moves ahead.
Customizable bar confirmation (1-5 bars) to catch trends early or wait for added confirmation.
Signal Alerts with Style 🎯
Clearly plotted signals for bullish/bearish trends:
1-5 bar signals appear as labels on your chart for easy visualization.
Color-coded for clarity, from lime green (1-bar) to bright white (5-bar).
Alerts for every signal, so you won’t miss a beat even when away from the chart.
Candle Coloring & Day Breaks 🌄
Candles change color dynamically based on trend direction and volume strength:
Strong Uptrend: Bright green
Strong Downtrend: Bold red
Subtle day breaks to enhance chart readability.
When to Use 📈
Trend Reversals: Catching the switch in trends as price crosses the 9EMA with volume confirmation.
Volume Surges: Identifying when volume surges beyond the average, suggesting stronger momentum.
Multi-Level Confirmation: See signals between early 2-bar signals or wait for solid 5-bar confirmations, ideal for different trading styles.
With 9EMA Slapper, you get a powerful tool for tracking market momentum and volume strength. Try it out, catch those signals, and make better trading decisions! 📉📈
Script de código abierto
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