Top-CM_EMA Trend Bars with Alerts and Arrows (03102025) v01

🟢 Top-CM_EMA Trend Bars with Alerts and Arrows (03102025) v01
🔎 Indicator Overview:

Top-CM_EMA Trend Bars is a technical analysis tool that utilizes an Exponential Moving Average (EMA) to help traders visually identify market trends. It automatically colors the candles based on trend direction and provides real-time alerts and arrows when a potential trend reversal occurs.

⚙️ Key Features:
✅ 1. EMA-Based Trend Detection

Uses a user-defined EMA (default: 34 periods).

If the average price of a candle (hlc3) is above the EMA → trend is considered uptrend (bullish).

If the price is below the EMA → trend is considered downtrend (bearish).

✅ 2. Color-Coded Trend Bars

Candles are automatically colored to reflect the current trend:

🟩 Green (lime): Uptrend

🟥 Red: Downtrend

Helps traders quickly understand the market direction without manual analysis.

✅ 3. Optional EMA Line Display

Users can choose to show or hide the EMA line with a simple toggle (Show EMA Trend is Based On?).

✅ 4. Real-Time Buy/Sell Alerts

Alerts are triggered when the trend changes:

Transition from bearish to bullish → Buy Signal

Transition from bullish to bearish → Sell Signal

Compatible with TradingView’s alert system for automated notifications.

✅ 5. Directional Arrows on Chart

Displays visual markers:

🔼 Up Arrow (green) below the bar on a Buy Signal

🔽 Down Arrow (red) above the bar on a Sell Signal

Makes it easier to spot trend reversal points directly on the chart.

🧠 Who Is This For?

Technical traders looking for quick visual confirmation of trend direction.

Users who want to automate signal detection and receive instant alerts.

Beginners who prefer a clean and straightforward trend-following tool.