INVITE-ONLY SCRIPT
Trading Department Pro
This script combines the EMA 8 and the EMA 21 into a dynamic trend band.
If the price is above the band, the setup is considered bullish.
If the price is below the band, the setup is considered bearish.
If the price is between the EMAs, the signal is neutral.
The band turns green when the fast EMA 8 is above the slower EMA 21, and red when the EMA 8 is below. Additionally, arrows may appear when the price breaks above or below the band. Optionally, the background can also be colored according to market conditions.
This setup is suitable for trend-following strategies and is often used as a basis for trading pullbacks within an ongoing trend or identifying rapid momentum shifts.
If the price is above the band, the setup is considered bullish.
If the price is below the band, the setup is considered bearish.
If the price is between the EMAs, the signal is neutral.
The band turns green when the fast EMA 8 is above the slower EMA 21, and red when the EMA 8 is below. Additionally, arrows may appear when the price breaks above or below the band. Optionally, the background can also be colored according to market conditions.
This setup is suitable for trend-following strategies and is often used as a basis for trading pullbacks within an ongoing trend or identifying rapid momentum shifts.
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