iulifx EMA

The indicator is built on an 8-period moving average that closely follows price action.
When a candle closes completely beyond the moving average, it’s a signal to be cautious, as this may indicate a potential trend reversal.
If only the wick of the candle reaches the moving average and then gets absorbed, it can be interpreted as a retest, suggesting an opportunity to enter the market in the current trend direction.

Additionally, candle colors reflect market volume conditions:

Blue candles indicate an overbought zone, showing strong buying pressure — a potential start of a bullish move.

Black candles indicate an oversold zone, reflecting strong selling pressure.

If one of these colored candles breaks the moving average with strength and momentum, it strongly suggests that a trend reversal is likely underway.