A trend-tracking indicator that highlights price positions relative to an exponential moving average, identifying sustained market trends through consecutive candle analysis.
Explore complementary indicator rolesHow it works
The indicator calculates an exponential moving average (EMA) based on a specified period, typically 100 candles. It tracks consecutive candles that close above or below this EMA line, incrementing counters for each sustained directional movement.
When the number of consecutive candles meets a predefined threshold, the indicator visually highlights the chart with translucent backgrounds. Green indicates periods above the EMA, while red shows periods below, providing a clear visual representation of trend persistence.
Why it may be useful
This indicator helps traders quickly identify and visualize sustained market trends by tracking price movement relative to a dynamic moving average. It transforms complex price behavior into easily digestible visual signals, allowing traders to rapidly assess market momentum and trend strength.
By highlighting extended periods of consistent trend direction, the tool provides insights into potential trend exhaustion points and helps traders make more informed decisions about market entry and exit strategies.
When to explore it
The indicator is most effective in markets with clear, sustained trends, such as during strong bullish or bearish market conditions. It works particularly well in timeframes where trends can develop and persist over multiple trading sessions, like daily or weekly charts.
Traders can customize the EMA period and consecutive candle count to adapt the indicator to different market characteristics, making it versatile across various asset classes and trading styles.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
