Trend Master Bundle (5x EMA, DEMA & VWAP) | Mourya

The Trend Master Bundle indicator provides a comprehensive trend-following toolkit that integrates five exponential moving averages, a double exponential moving average, and VWAP bands to visualize market momentum and mean-reversion zones.

Usage

The Usage section describes how the script can be used to identify trend health and potential entry points. The indicator is primarily used to detect "Perfect Alignment," a state where multiple moving averages are stacked in sequential order, signaling a high-conviction trend.

• Trend Confirmation: Use the integrated dashboard to quickly identify if the market is in an "Extremely Bullish," "Extremely Bearish," or "Neutral" state based on the alignment of the 5, 10, 20, 50, 100 (DEMA), and 200 MAs.
• Pullback Entries: In a confirmed trending environment, traders often look for price retracements toward the 20 EMA or the VWAP baseline as potential low-risk entry points.
• Mean Reversion: When price extends significantly toward the outer VWAP standard deviation bands (Bands #2 or #3), it may indicate an overbought or oversold condition, suggesting a possible move back toward the mean.

Details

The script utilizes a combination of institutional-grade moving averages and volume-weighted metrics to provide a multi-layered view of market structure.

• 5x Exponential Moving Averages (EMA): These serve as dynamic layers of support and resistance. The specific lengths (5, 10, 20, 50, 200) allow for tracking of short-term momentum alongside long-term structural trends.
• 100-Period DEMA: The Double Exponential Moving Average is implemented to mitigate the lag found in traditional EMAs. By calculating a faster-reacting average, it acts as a leading indicator for mid-to-long-term trend shifts.
• Anchored VWAP: This calculates the Volume Weighted Average Price from a specific anchor (Session, Week, Month, or Year). It provides a "fair value" benchmark, while the standard deviation bands quantify market volatility.
• Visual Interface: The script includes end-of-line tracking labels for instant identification of each moving average and a dynamic dashboard that summarizes the current trend state and exact price values.

Settings

Moving Averages

• MA Source: Determines the price source used for all moving average calculations (e.g., Close, Open, HL2).
• EMA 1–5: Toggles for each EMA, including customizable lengths and colors.
• DEMA: Toggle and length setting for the Double Exponential Moving Average.

VWAP Settings

• Hide VWAP on 1D or Above: When enabled, the VWAP and its bands will not be displayed on daily timeframes or higher.
• Anchor Period: Sets the reset point for VWAP (Session, Week, Month, or Year).
• VWAP Source: The price source used for VWAP calculations (default is HLC3).
• Bands Mode: Choose between Standard Deviation or Percentage-based bands.
• Bands Multipliers #1–3: Toggles and multipliers for the upper and lower volatility bands.

UI & Label Settings

• Show Trend Status Dashboard: Toggles the visibility of the on-screen information widget.
• Show MA Values in Dashboard: Displays the current numerical values for each active moving average within the widget.
• Show Names at End of Lines: Enables floating text labels at the most recent candle for each active plot.

FAQ

How do I interpret the "Extremely Bullish" status? This status appears when the price is above all moving averages and they are perfectly stacked in ascending order (Shortest to Longest).

What is the benefit of the DEMA over a standard EMA? The DEMA (Double Exponential Moving Average) reduces lag, allowing the indicator to respond more quickly to price changes than a standard EMA of the same length.

How can I access this tool? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.