EMA Oscillating Trend

📈 EMA Oscillating Trend by AI-123
The EMA Oscillating Trend indicator is a dynamic trend visualizer that enhances traditional EMA behavior by offsetting the line based on trend direction, providing a more intuitive and visually distinct representation of market momentum.

🔍 Key Features:
🔵 Bullish Color Customization – Define your preferred color for bullish trends

🔴 Bearish Color Customization – Set a different tone for bearish phases

🪄 Adjustable Line Thickness – Tailor the EMA's appearance to your chart style

📐 Offset Multiplier Input – Automatically pushes the EMA above price in a downtrend and below price in an uptrend for enhanced clarity

⚙️ User-Friendly Inputs – No coding knowledge required; full customization in the settings panel

🧠 How It Works:
Calculates a primary EMA line (OV) and a sub-component to compare against (OV2)

Determines the trend based on whether OV is above or below OV2

Shifts the EMA line above price during bearish trends and below price during bullish trends

The offset is percentage-based and scales dynamically with the price for optimal readability

✅ Ideal For:
Trend-followers seeking visual clarity

Discretionary traders who want less clutter and more signal

Anyone who likes their EMAs with a little more flair and insight

🛠️ Author: alphainvestor123
This tool was crafted with simplicity and clarity in mind. If you enjoy the indicator, consider dropping feedback or sharing your use case!