ST_HTF_EMA

### **ST_HTF_EMA – Higher Timeframe EMA Overlay**

#### **Description:**
The **ST_HTF_EMA** indicator plots a **21-period Exponential Moving Average (EMA)** from a **higher timeframe** onto the current chart. This allows traders to track key trend levels from a larger perspective while trading on a lower timeframe.

#### **Features:**
- **Customizable Timeframe:** The EMA is sourced from a user-defined timeframe (default: **5-minute**).
- **EMA Calculation:** Uses the **21-period EMA** for smoothing price action and identifying trend direction.
- **Envelope Bands (Optional):** A **0.75% envelope** can be toggled on to create upper and lower bands around the EMA for potential dynamic support/resistance zones.
- **Overlay on Chart:** The EMA and envelope bands are plotted directly on the price chart for easy visibility.

#### **How to Use:**
- Use the **EMA as a trend guide**—price above the EMA suggests bullish momentum, while price below indicates bearish momentum.
- Enable the **envelope bands** (if needed) to spot price deviations from the mean for possible reversal or continuation trades.

#### **Customization:**
- Modify the **timeframe** to adapt the EMA to different market structures.
- Adjust the **envelope percentage** to fine-tune sensitivity.

#### **Visuals:**
- The **EMA is plotted in yellow** for clear visibility.
- **Envelope bands (if enabled)** appear in yellow, with a subtle background highlight.

This indicator is ideal for traders who rely on **higher timeframe trend confirmation** while making decisions on lower timeframes. 🚀