Trend with ADX, multiple EMAs - Buy & Sell

📊 Core Components

ADX Calculation

Computes DI+ and DI– manually using smoothed true range and directional movement.

Plots background color:

Green when DI+ > DI–

Red when DI– > DI+

Alerts: “ADX Trend Green” or “ADX Trend Red.”

Moving Averages

Fast EMA (5)

Slow EMA (8)

EMA 13

EMA 48

EMA 200

All plotted on the chart with different colors.

VWAP

Plotted as black circles.

📈 Signals & Conditions

Fast EMA vs Slow EMA

Buy Signal: 5 EMA crosses above 8 EMA.

Sell Signal: 5 EMA crosses below 8 EMA.

Avoids repeat signals using CondIni.

Labels: “Buy” (green) / “Sell” (red).

Alerts: “Buy Alert” / “Sell Alert.”

Trend Signals (EMA 13 vs EMA 48)

TBuy: 13 EMA crosses above 48 EMA.

TSell: 13 EMA crosses below 48 EMA.

Labels: “TBuy” (dark green) / “TSell” (dark red).

Alerts: “TBuy Alert” / “TSell Alert.”

🛠️ Overall Purpose

This script combines trend strength (ADX) with short-term EMA crossovers and medium-term EMA trend shifts (13 vs 48).
It provides visual signals, background trend coloring, VWAP reference, and alert triggers for both scalping (5 vs 8 EMA) and trend trading (13 vs 48 EMA).