EMA 9 Slope

This indicator displays the ongoing slope (rate of change) of the 9-period Exponential Moving Average (EMA).

Instead of only showing whether price is above or below EMA9, this script helps traders quantify momentum strength and direction by measuring how fast EMA9 is rising or falling on each bar.

How it works:

Calculates the difference between the current EMA9 and the previous bar’s EMA9

Plots the slope as a histogram around a zero line

How to interpret:

Above zero → EMA9 is rising (bullish momentum)

Below zero → EMA9 is falling (bearish momentum)

Near zero → Flat EMA / low momentum / potential chop

This indicator is especially useful for:

Momentum and trend-continuation traders

Avoiding low-momentum or choppy conditions

Pairing with EMA9 + VWAP strategies

Intraday trading (including 0DTE options)

Simple, lightweight, and designed to add objective momentum confirmation to EMA-based trading systems.