Fast 8, 21, 50, and 200 EMA trend ribbon that highlights bullish/bearish alignment and pullback bounce signals for intraday scalping.
Copy and paste this code directly into your TradingView Pine Editor
//@version=5
indicator("FxSnip - EMA Dynamic Scalping Ribbon", "FxSnip EMA Ribbon", overlay=true)
ema8 = ta.ema(close, 8)
ema21 = ta.ema(close, 21)
ema50 = ta.ema(close, 50)
ema200= ta.ema(close, 200)
p8 = plot(ema8, "EMA 8", color=color.yellow, linewidth=1)
p21 = plot(ema21, "EMA 21", color=color.orange, linewidth=1)
p50 = plot(ema50, "EMA 50", color=color.purple, linewidth=2)
p200= plot(ema200, "EMA 200 Baseline", color=color.white, linewidth=2)
fill(p8, p21, color=ema8 > ema21 ? color.new(color.green, 80) : color.new(color.red, 80))
.ex5 / .mq5 file.The EMA Dynamic Scalping Ribbon generates smooth trend confirmation using exponential moving averages. Catches rapid pullback continuations during high-momentum trading sessions.
Need this indicator converted into an automated MT5 Expert Advisor or customized for your specific trading rules?
Order Custom Coding →Loading activity...
Just now