4 EMA's - 4h - 8h TF, Dynamic Colors

📘 User Manual – EMA20/50 + RSI Signals + EMA20 Daily + EMA200 Daily + EMA200 5m
Overview

This indicator is designed for 4H and 8H swing trading. It combines higher timeframe EMAs, RSI signals, and dynamic coloring to help traders identify trend direction and entry points.

Key Features:

EMA 20 & EMA 50 from higher timeframe (4H or 8H)

EMA 20 Daily (plotted on 4H as EMA 120 for visibility)

EMA 200 Daily with dynamic bullish/bearish coloring

EMA 200 5m dynamic filter

RSI signals with arrows and alerts

How It Works
1. EMA Calculations

EMA 20 & 50 (HTF): From selected higher timeframe (4H or 8H).

EMA 20 Daily (shown as EMA 120 4H): This is the EMA 20 of the Daily timeframe, but displayed on the 4H chart as EMA 120 for better visibility.

Green if price ≥ EMA 20 Daily

Red if price < EMA 20 Daily

EMA 200 Daily: Green if price ≥ EMA 200, Red if price < EMA 200.

EMA 200 5m: Used as a dynamic short-term filter.

2. RSI Signals

RSI (14) is calculated on the higher timeframe (4H or 8H).

Long signal: RSI crosses above 50 AND EMA 20 > EMA 50.

Short signal: RSI crosses below 50 AND EMA 20 < EMA 50.

3. Signal Filtering

Only one signal per higher timeframe candle is shown.

Green arrow (below bar) = Long

Red arrow (above bar) = Short

How to Use

Add the indicator to your chart.

Select signal timeframe: 4H or 8H.

Use EMA 200 Daily and EMA 20 Daily (plotted as EMA 120 4H) to filter trend direction.

Watch for arrows:

✅ Green triangle → Long setup (RSI + EMA confirmation)

❌ Red triangle → Short setup (RSI + EMA confirmation)

Set alerts for automation:

Long Alert = EMA + RSI bullish confirmation

Short Alert = EMA + RSI bearish confirmation

Strategy Tips

Use EMA 200 Daily + EMA 20 Daily (plotted as EMA 120 4H) as main trend filters.

Take trades only in the direction of the dominant trend.

RSI-based arrows help time entries within that trend.

Ideal for swing traders focusing on 4H or 8H setups.


📌 TradingView Public Library Description

Title: EMA20/50 + RSI Signals + EMA20 Daily + EMA200 Daily + EMA200 5m

Description:
Powerful swing trading tool for 4H & 8H trading. Combines EMA structure with RSI momentum to deliver clear trend filters and entry signals.

Features:
✅ EMA 20 & 50 from 4H/8H higher timeframe
✅ EMA 20 Daily (plotted as EMA 120 on 4H for visibility)
✅ EMA 200 Daily dynamic bullish/bearish coloring
✅ EMA 200 (5m) dynamic filter
✅ RSI (14) signals with arrows & alerts
✅ Configurable EMA visibility toggles

How to Use:

Follow EMA 200 Daily & EMA 20 Daily (plotted on 4H) for trend direction.

Trade signals only when aligned with the dominant trend.

Use RSI + EMA arrow signals to time entries.

Add alerts for real-time notifications.

Best for: Swing traders and intraday traders looking for trend alignment + momentum confirmation.

Created: Dios51