This indicator, **"EMA with Bar Count"**, is a comprehensive tool for traders that combines multiple technical analysis techniques to enhance decision-making. Here's a summary of its features:
### Features:
1. **Multiple Timeframe EMA (Exponential Moving Average):** - Allows traders to visualize EMAs from multiple timeframes, such as 1-minute, 5-minute, 60-minute, daily, and custom intervals. - EMAs are displayed in different colors for easy differentiation, aiding in identifying key trend directions and support/resistance levels.
2. **Bar Count Tracker:** - Tracks and labels bars at specific intervals (e.g., every 3 bars) with customizable label size and color. - Useful for monitoring bar progression and aligning with time-based strategies.
3. **Inside and Outside Bars:** - Highlights inside bars (bars completely within the range of the previous bar) and outside bars (bars exceeding the range of the previous bar). - Provides visual markers for potential consolidation (inside bars) or volatility (outside bars) setups.
4. **Trend Candle Analysis:** - Detects sequences of three consecutive bullish or bearish candles. - Marks these trends on the chart for potential continuation or reversal strategies.
5. **Micro Gaps:** - Detects and marks gaps between the current bar's open and the previous bar's close, highlighting potential price inefficiencies. - Differentiates between bullish (gap up) and bearish (gap down) gaps with unique symbols.
6. **50% Line Visualization:** - Calculates and optionally displays a midline for each bar, representing 50% of its range. - Helps traders identify equilibrium levels within individual bars.
7. **Overlap and TR Detector:** - Measures the overlap between consecutive bars as a proportion of their range. - Marks TR (Trading Range) bars with significant overlaps, highlighting potential areas of consolidation.
8. **Pattern Alerts:** - Identifies advanced patterns like IOI (Inside-Outside-Inside), OII (Outside-Inside-Inside), and IOO (Inside-Outside-Outside). - Includes customizable alerts for these patterns and specific bar counts to improve reaction times.
9. **Customizable Background Highlighting:** - Option to color the chart background based on specific conditions, like time (e.g., 7:30 AM) or relative position to the 1-hour EMA.
10. **Gap Detector for Fair Value Gaps (FVG):** - Highlights gaps between bars using shaded boxes. - Useful for identifying untested price areas that may attract future price action.
11. **Wedge and Flag Patterns:** - Analyzes pivot points to identify wedges and flag patterns. - Provides visual guides to aid in breakout or continuation trade setups.
12. **Alerts for Key Events:** - Customizable alerts for a wide range of trading events, including long wicks, range breakouts, and key bar patterns.
This indicator is designed for traders who want an all-in-one tool that provides actionable insights from multiple technical perspectives, enabling them to spot trends, reversals, breakouts, and consolidation zones effectively.
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Möchten Sie dieses Skript auf einem Chart verwenden?
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