Power Indicator

ieri

The Power Indicator is a customizable EMA (Exponential Moving Average) overlay designed to help traders visually assess market trends across short-, medium-, and long-term timeframes. It plots five key EMAs — 10, 20, 50, 100, and 200 — directly on your price chart, providing a quick glance at the overall momentum and structure of the market.

Functionality:
This indicator includes the following features:
Five EMAs Plotted:
- EMA 10 → Short-term trend
- EMA 20 → Near-term trend
- EMA 50 → Medium-term trend
- EMA 100 → Intermediate trend
- EMA 200 → Long-term trend

User-defined Colors:
Each EMA has its own color setting, allowing full customization for better visibility and style matching.

🖥️Overlay on Price Chart:
EMAs are drawn directly over candles to align with your trading chart.

Real-Time Updates:
EMAs update dynamically with every new price bar.

⚙️ How to Use & Modify Settings
To customize the indicator:
- Add the indicator to your chart.
- Click the gear icon (⚙️) next to the script name.
- Under the Inputs tab, you'll see:
- EMA 10 Color – Choose your preferred color
- EMA 20 Color – Choose your preferred color
- EMA 50 Color – Choose your preferred color
- EMA 100 Color – Choose your preferred color
- EMA 200 Color – Choose your preferred color
You can adjust the colors to match your theme or emphasize specific EMAs.

21 ore fa

Note di rilascio

Power Indicator V2 enhances your charting by adding a visual volume spike signal below candles whenever the trading volume on that candle exceeds 125% (25% more) of the 30-period Exponential Moving Average (EMA) of volume. This helps traders quickly spot significant volume surges which might indicate strong buying or selling activity.

Functionality:
- Plots EMA bands for 10, 20, 50, 100, and 200 periods with user-selectable colors.
- Displays a customizable symbol (like triangle, arrow, diamond, etc.) below the candle when the volume spike condition is met (volume > 1.25 × EMA volume).
- The symbol size is fixed as tiny for minimal chart clutter and clear visibility.
- Volume spike signals can be toggled on/off via settings.
- Volume lookback period and spike threshold are configurable.

How to Use & Modify Settings:
- Apply the indicator to your chart to visualize EMAs and volume spike signals simultaneously.
- Change the colors of each EMA line from the settings panel to suit your chart theme.
- Select your preferred volume spike symbol shape from a dropdown list for easy recognition.
- Enable or disable volume spike markers as needed to reduce chart noise.
- Adjust the volume lookback period or spike multiplier to fine-tune sensitivity to volume surges based on your trading style.

21 ore fa

Note di rilascio

Minor bug fixes