This indicator identifies candlestick patterns on the price chart by combining price action with momentum factors and trend filters. It calculates one of four selectable oscillators: Karobein Oscillator, Money Flow Index, RSI, or Stochastic, alongside trend ru
Indicator · Pine Script v6 · On the chart
Trend & Momentum Analysis
This indicator overlays on the price chart and provides trend and momentum analysis.
GitHub stars55on the repository
Pine versionv6current
Lines of code24
Settings0inputs
LicenceApache-2.0
Last update6 months ago20 Apr 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
24 lines of Pine Script v6 from public/indicators/test2.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
indicator("Trend & Momentum Analysis", overlay=true)
// Calculate EMAs
ema20 = ta.ema(close, 20)
ema50 = ta.ema(close, 50)
ema200 = ta.ema(close, 200)
// Plot EMAs
plot(ema20, color=color.yellow, title="EMA 20", linewidth=2)
plot(ema50, color=color.orange, title="EMA 50", linewidth=2)
plot(ema200, color=color.blue, title="EMA 200", linewidth=2)
// Calculate RSI
rsi = ta.rsi(close, 14)
// Identify Bearish Engulfing pattern for visual aid
isBearishEngulfing = close < open and close[1] > open[1] and close < low[1] and open > high[1]
plotshape(isBearishEngulfing, style=shape.triangledown, location=location.abovebar, color=color.red, size=size.small, title="Bearish Engulfing")
// Label for RSI
var label rsiLabel = na
label.delete(rsiLabel)
rsiLabel := label.new(bar_index, high + (high - low)*0.5, text="RSI: " + str.tostring(rsi, "#.##"), color=color.new(color.white, 100), textcolor=color.white)
Overview
Trend & Momentum Analysis calculates and plots three exponential moving averages with fixed periods of 20, 50, and 200 using yellow, orange, and blue colors respectively. The script also computes the RSI with a period of 14 and displays its value in a floating label. Additionally, it detects bearish engulfing candlestick patterns and plots red downward triangles above the bar when conditions are met. There are no user-adjustable input settings or configurable periods. The indicator draws all elements directly on the price chart with no separate panes. It offers visual reference for trend following and momentum assessment but includes no entry or exit signals, position sizing rules, stop loss, or take profit mechanisms.
- EMA 20 50 200 plots
- RSI 14 label
- Bearish Engulfing detection
- Trend analysis
- Momentum oscillator
Details
Published by
dcaoyuan on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Candlestick patterns
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.
Topics
aicharttradingvibepinescripttechnical-analysispinestock
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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