by 
This indicator calculates a modified MACD oscillator and signal line alongside a trend EMA filter, plotting the output as a stylized column histogram in a separate pane. Instead of plotting true MACD distance, it quantifies positive and negative histogram mome
Indicator · Pine Script v5 · Own pane
EMA Trend Meter
Calculates three exponential moving averages and compares them against a faster 13-period baseline exponential moving average.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code20
Settings3inputs
LicenceCustom licence
Last update1 year ago21 Mar 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
EMA Trend Meter displays three horizontal rows of circular plots in a separate pane to represent each moving average length comparison. A circle turns green when the baseline EMA is above the evaluated EMA, signaling a bullish trend alignment, and red when it is below. The input settings allow traders to customize the period lengths for all three evaluated EMAs.
- Triple EMA trend alignment meter
- Visual color-coded circle plots
- Customizable length parameters
Details
Published by
ShabbirHasan1 on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Trend, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length EMA1 | int | 21 | len1 |
| Length EMA1 | int | 34 | len2 |
| Length EMA1 | int | 55 | len3 |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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