OPEN-SOURCE SCRIPT
Shezab AlgoLabs – EMA Trend Utility
Overview
This is a simple but polished EMA trend tool from Shezab AlgoLabs, designed as a clean, open-source utility for any market and timeframe.
It plots a fast and slow EMA with a branded teal–magenta color scheme, colors the bars by trend direction, and shows clear BUY / SELL arrows on EMA crossovers, with optional alerts.
Features
• Fast EMA (trend) and Slow EMA (bias) with configurable lengths
• Colored EMA cloud:
– Teal cloud in bullish phases (fast above slow)
– Red cloud in bearish phases (fast below slow)
– Neutral grey cloud when EMAs are flat/overlapping
• Optional bar coloring by trend direction
• BUY arrow below the bar on bullish EMA crossover
• SELL arrow above the bar on bearish EMA crossover
• Alert conditions for both bullish and bearish crossovers
How traders can use it
• As a simple trend filter (only buy when fast EMA is above slow EMA, sell when below)
• To time entries on crossover signals (with alerts enabled)
• As a visual layer under more advanced tools, including probability or confluence engines
Scaling note (important)
This script is set to use the right-hand price scale (scale = scale.right).
If EMAs ever look “detached” from price, simply:
• Right-click on the right price axis → Reset Scale
This is a TradingView scaling behavior, not a problem with the script.
About Shezab AlgoLabs
Shezab AlgoLabs is building a suite of visual, probability-driven tools for traders across Forex, indices, crypto, stocks and more.
This EMA Trend Utility is our open-source foundation; more advanced multi-wave probability engines and premium tools will follow as invite-only scripts.
This is a simple but polished EMA trend tool from Shezab AlgoLabs, designed as a clean, open-source utility for any market and timeframe.
It plots a fast and slow EMA with a branded teal–magenta color scheme, colors the bars by trend direction, and shows clear BUY / SELL arrows on EMA crossovers, with optional alerts.
Features
• Fast EMA (trend) and Slow EMA (bias) with configurable lengths
• Colored EMA cloud:
– Teal cloud in bullish phases (fast above slow)
– Red cloud in bearish phases (fast below slow)
– Neutral grey cloud when EMAs are flat/overlapping
• Optional bar coloring by trend direction
• BUY arrow below the bar on bullish EMA crossover
• SELL arrow above the bar on bearish EMA crossover
• Alert conditions for both bullish and bearish crossovers
How traders can use it
• As a simple trend filter (only buy when fast EMA is above slow EMA, sell when below)
• To time entries on crossover signals (with alerts enabled)
• As a visual layer under more advanced tools, including probability or confluence engines
Scaling note (important)
This script is set to use the right-hand price scale (scale = scale.right).
If EMAs ever look “detached” from price, simply:
• Right-click on the right price axis → Reset Scale
This is a TradingView scaling behavior, not a problem with the script.
About Shezab AlgoLabs
Shezab AlgoLabs is building a suite of visual, probability-driven tools for traders across Forex, indices, crypto, stocks and more.
This EMA Trend Utility is our open-source foundation; more advanced multi-wave probability engines and premium tools will follow as invite-only scripts.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Shezab AlgoLabs — Premium Algorithmic Trading Tools
Clean • Data-Driven • Non-Repainting
Clean • Data-Driven • Non-Repainting
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.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Shezab AlgoLabs — Premium Algorithmic Trading Tools
Clean • Data-Driven • Non-Repainting
Clean • Data-Driven • Non-Repainting
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.