Multi Timeframe EMA plots

Get the link to the EMA plots! the full write up is on Notion, but heres the TLDR

Multi-Time Frame EMA Analysis Indicator

We're releasing one of my trading tools, a multi-time frame EMA analysis indicator designed to provide a quick snapshot of market trends. This tool helps you screen markets at lower timeframes, while still being aware of how the macro trend at the higher time frame performs.

How to Read the indicator

5LT= 5min Long term EMA trend

5ST = 5min Short Term EMA trend

It goes all the way up to the weekly

Short-Term Analysis (ST)

The short-term analysis, labeled as "ST" on the chart, focuses on three key Exponential Moving Averages (EMAs): the 8, 21, and 34 EMA.

• Green: Indicates a bullish trend. This is when the 8 EMA crosses above the 21 EMA, and the 21 EMA crosses above the 34 EMA.
• Red: Signifies a bearish trend. This is when the 8 EMA is below the 21 EMA, and the 21 EMA is below the 34 EMA.
• Yellow: Represents a neutral or undecided market. This occurs when neither of the above criteria is met.

Long-Term Analysis (LT)

The long-term analysis, denoted as "LT" on the chart, incorporates an additional EMA into the mix: the 55 EMA.

• Green: Indicates a bullish trend. For this to be the case, the 8 EMA must be above the 21, 34, and 55 EMAs.
• Red: Represents a bearish trend when the 8 EMA is below the 21, 34, and 55 EMAs.
• Yellow: Signifies a neutral market when the EMAs do not align with either of the bullish or bearish criteria.

Why Use This Indicator?

This helps anyone quickly discern the prevailing trend of the market. With time frame measurements ranging from 5 minutes to weekly, traders can swiftly screen the market for potential trading opportunities.

IMPORTANT

Due to TradingView's mechanics, the indicator's accuracy is needs current time frame being set to a lower time frame than the plots. For instance, if you're analyzing the 15-minute time frame, the indicator will provide accurate readings for the 15-minute duration and all higher time frames, but not for shorter durations like the 5min (it will be wrong).

A Word of Caution While this tool offers valuable insights into market trends, it should not be used as a standalone strategy. It's best utilized as a quick screening method to identify stocks that are trending well. Always ensure you incorporate other analytical methods and strategies before making any trading decisions.