Description for EMA Label & Cross Indicator (Pelangi Theme) This indicator plots 4 EMA lines (200, 100, 50, and 20 periods) on the chart with dynamic labels that follow each EMA line. The labels update in real-time to reflect their relative position on the chart and provide useful insights based on market conditions.
๐ฉ Key Features: Dynamic EMA Labels The labels display the names of each EMA (e.g., "EMA 200") and will change text dynamically if the EMAs are in a specific bullish order:
EMA 20 (Blue): Displays "Di langit yang biru ๐ต" (translated: "In the blue sky ๐ต") if it's at the top. EMA 50 (Green): Displays "Hijau" ("Green"). EMA 100 (Yellow): Displays "Kuning" ("Yellow"). EMA 200 (Red): Displays "Merah" ("Red"). Crossover Detection The indicator detects and marks crossover and crossunder points between the EMA lines with colored circles:
Red Circle: EMA 200 crossing with EMA 100. Yellow Circle: EMA 200 crossing with EMA 50. Green Circle: EMA 200 crossing with EMA 20. Blue Circle: EMA 100 crossing with EMA 50. Purple & Orange Circles: Custom colors for other crossovers. ๐ฏ Usage: This indicator helps traders identify EMA crossovers and track the relative position of EMAs in real-time. The dynamic labels make it easy to visualize when the market is in a bullish or bearish trend.
The label text changes based on the order of the EMAs:
If EMA 20 > EMA 50 > EMA 100 > EMA 200, it indicates a strong bullish trend, and the labels will change to a colorful theme. ๐จ Theme: The indicator follows a "Pelangi" (Rainbow) theme, inspired by the song:
"Merah, Kuning, Hijau, di langit yang biru" ("Red, Yellow, Green, in the blue sky").