[SwingMann©] EWTrend+

[SwingMann©] EWTrend+
Trend and Elliott Wave Cycle Indicator

Description:

EWTrend+ is a versatile indicator specifically designed to visualize market trends and Elliott Wave cycles. By combining multiple EMA lengths with flexible smoothing options, it enables precise trend analysis and signal generation.

Key Features:

Dynamic Trend Colors: Green for uptrends, red for downtrends, gray for neutral phases.
Multiple EMAs: Configurable lengths for different time horizons.
Flexible Smoothing: Choose SMA, EMA, WMA, RMA, DMA, or no smoothing at all.
Signal Lines: WMA-based signal lines for each EMA, optionally visible or hidden.

Offset Function:

Displays indicator lines slightly shifted for clearer visualization of market movements.

Elliott Wave Cycle Orientation:

Assists in identifying impulsive and corrective market phases.
When combined, absolutely lethal ;-)



Benefits:

Provides a clear visual overview of short- and long-term trends.
Supports the analysis of Elliott Wave patterns for strategic entries and exits.
Ideal for swing traders, day traders, and technical analysts.

Conclusion:

Multiple EMAs for various time horizons
Dynamic trend colors for quick orientation
Signal lines for trend confirmation
Offset function for improved visualization
Supports Elliott Wave cycle analysis

Note:
EWTrend+ is a tool for analysis and does not replace independent trading decisions. Please test the indicator on a demo account before live use.