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EdgeFlow: Momentum Ribbon

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📘 9/21 EMA + Stochastic Strategy [Ribbon Fill + Confirm + Stack Check]
This indicator combines EMA trend structure with Stochastic momentum extremes to generate clean, high-probability entry confirmations — visualized through a dynamic color-filled ribbon.

🔹 Core Concept
The script looks for market conditions where short-term momentum (Stochastic) aligns with trend direction (9 EMA vs 21 EMA).
It then waits for price-action confirmation before triggering an entry — avoiding premature signals.
Trend Filter:


Bullish: 9 EMA > 21 EMA


Bearish: 9 EMA < 21 EMA


Setup Condition:


Bullish Setup: Stochastic (8, 3, 3) crosses below 20 while EMAs are stacked bullish.


Bearish Setup: Stochastic (8, 3, 3) crosses above 80 while EMAs are stacked bearish.


Entry Confirmation:


Long Confirm: Candle closes above previous candle’s high while EMAs remain bullish.


Short Confirm: Candle closes below previous candle’s low while EMAs remain bearish.



🎨 Visual Elements
Ribbon Fill:
Green when 9 EMA > 21 EMA, red when 9 EMA < 21 EMA.
(EMAs themselves are hidden for a cleaner look.)


Markers:


Small green/red circles = setup triggered (waiting for confirmation)


Triangles = confirmed entries (Long = Up Triangle, Short = Down Triangle)



🔔 Alerts
Four ready-made alerts are included:
🟢 Bullish Setup Triggered


🔴 Bearish Setup Triggered


✅ Bullish Entry Confirmed


✅ Bearish Entry Confirmed


Use them to receive notifications when setups form or confirm on your chosen timeframe.

⚙️ Recommended Use
Designed for 3-minute charts (scalping & short-term intraday), but adaptable to any timeframe.


Works effectively on indices, crypto, and FX.


Can be combined with volume or higher-timeframe filters for extra precision.



🧠 Summary
This indicator gives a clean, rules-based structure:
Identify the trend.


Wait for a momentum pullback (Stochastic extreme).


Entry after price confirms direction is recommended.



版本注释
// some plot placement changes
版本注释
//Added buffer for catching the buy/sell confirmations where EMAs stack opposite side between setup and confirmation signals.
版本注释
// small code bug fix
版本注释
//Added regular stochastic option for calculation. User can select between Stochastic RSI and Regular Stochastic osscilator.
版本注释
+ Changed code version to v6.

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