OPEN-SOURCE SCRIPT

HTB Equivalent EMA + Trend Dashboard

115
This is a solid Pine Script structure! You've built a multi-dimensional indicator that doesn't just look at price, but also considers trend slope (angle) and market regime (volatility/sideways).I’ve reviewed your logic. Here is a breakdown of what’s happening "under the hood" and a few minor refinements to ensure it runs smoothly in a live chart environment.🛠 Script Logic Breakdown1. Timeframe ScalingYour timeMultiplier logic is clever. It allows the indicator to "stay the same" visually even if you switch timeframes.The Math: If your baseTF is 5m and you move to a 1m chart, the script multiplies your lengths by 5.The Benefit: Your 200 EMA remains effectively a "5-minute 200 EMA" regardless of your current view.2. The Angle FormulaYou are using a normalized slope calculation:$$\text{Slope} = \frac{\Delta \text{Price}}{\text{ATR} \times \text{Length}}$BY dividing by the ATR (Average True Range), you prevent the angle from looking distorted when you switch from a high-priced asset (like BTC) to a low-priced one (like a penny stock). It keeps the "degrees" meaningful across different instruments.3. Market Regime FilteringThe script won't just fire signals blindly. It uses:ADX < 20: To identify "Chop" or sideways zones where EMAs usually fail.ATR Filter: To highlight high-volatility spikes.

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.