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EMA + Dynamic Fib TradeNest

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Description:
This custom indicator combines Exponential Moving Averages (EMA) and Ichimoku to provide a momentum and trend-based framework for day trading.

9 EMA and 21 EMA are used to identify short-term momentum shifts. A bullish signal occurs when the 9 EMA crosses above the 21 EMA, suggesting potential call opportunities, while a bearish signal occurs when the 9 EMA crosses below the 21 EMA, suggesting potential put opportunities.

50 EMA is included as an additional trend filter to help confirm overall market direction.

Ichimoku is plotted as a forward-looking dynamic support/resistance level. It behaves similarly to a Fibonacci retracement level, offering context for where price may find support or rejection. Ichimoku also helps determine whether current price action is aligned with a bullish or bearish trend environment.

By combining EMA crossovers with Ichimoku levels, this indicator provides a simple yet powerful method for identifying momentum entries and gauging the strength of price action relative to dynamic support/resistance.

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