[KINGS LINE CANDEL STRATEGY]

KINGS LINE CANDLE STRATEGY

The KINGS LINE CANDLE STRATEGY is a price-action + moving-average based visual tool designed to help traders quickly identify short-term trend direction and potential trade zones. It uses two simple yet powerful components:

EMA (Exponential Moving Average) – 9 period

SMA (Simple Moving Average) – custom period (default 9)

This script colors both the EMA line and price candles based on market conditions, making trend shifts more visually obvious.

How It Works

EMA-9 as a Fast Trend Guide:

If price closes above EMA-9, the EMA line turns green (#17dfad).

If price closes below EMA-9, the EMA line turns red (#dd326b).

This gives an instant snapshot of momentum.

SMA as a Reference Line (Optional):

You can enable/disable an SMA with a user-defined length (default = 9).

This SMA provides an additional baseline for price direction.

Candle Coloring Based on SMA:

Candles are green when closing above the SMA, showing bullish strength.

Candles are red when closing below the SMA, showing bearish weakness.

Features

Customizable SMA length (default = 9, can be set to any period).

Toggle SMA visibility for a cleaner or more detailed chart.

Dynamic EMA line color to highlight price momentum shifts.

Automatic candle coloring to confirm price action relative to the SMA.

How to Use

Bullish setups: Look for green EMA + green candles to confirm an uptrend.

Bearish setups: Look for red EMA + red candles to confirm a downtrend.

Potential reversals: When EMA color or candle color flips, it may signal a momentum change.

Can be combined with support/resistance levels, volume, or oscillators for confirmation.

Best For

Scalpers and day traders needing quick trend visualization.

Swing traders as a filter to stay aligned with short-term momentum.

Works on any market (stocks, crypto, forex, indices) and any timeframe.