Price Above 50 and 200 EMA with Smiley faces and 200 ema slope

8 時間前

Overview
This advanced indicator provides a comprehensive multi-timeframe analysis of price positioning relative to 50 and 200 Exponential Moving Averages (EMAs), offering traders a quick and intuitive view of market trends across different timeframes.
Key Features

Multi-Timeframe Analysis: Simultaneously evaluates price behavior across 5m, 15m, and other selected timeframes
EMA Trend Visualization: Instantly shows whether price is above or below 50 and 200 EMAs
Slope Direction Indicator: Tracks the directional momentum of the 200 EMA
Customizable Distance Metrics: Option to display distances as absolute values or percentages
Emoji-Based Indicators: Quick visual representation of price positioning

Functionality
The indicator uses color-coded and emoji-based signals to represent:

😊 (Blue): Price is above the EMA
☹️ (Red): Price is below the EMA
⬆️ (Blue): EMA slope is positive
⬇️ (Red): EMA slope is negative

Customization Options

Adjustable EMA periods
Togglable distance display
Distance representation (percentage or absolute value)

Best Used For

Trend identification
Multi-timeframe analysis
Quick market sentiment assessment
Supplementing other technical analysis tools

Recommended Timeframes

Intraday trading
Swing trading
Trend following strategies

Risk Disclaimer
This indicator is a tool for analysis and should not be used in isolation for trading decisions. Always combine with other technical and fundamental analysis, and proper risk management.