EMA/TEMA Dashboard

The EMA/TEMA Dashboard indicator is a trend-following tool that combines multiple Triple Exponential Moving Averages (TEMA) and an 8-period Exponential Moving Average (EMA) to identify high-probability "A+" trade setups. It monitors trend alignment, moving average stacking, and session confluence across multiple timeframes to provide a comprehensive view of market momentum.

Usage

The indicator is primarily used to identify trend reversals and continuations through the crossover of the 8 EMA and the 55 TEMA. A "Bullish" status is identified when the 8 EMA is above the 55 TEMA, while a "Bearish" status is identified when it is below.

Key usage components include:

• EMA8 / TEMA55 Crossover: The primary signal for trend shifts. Visual markers (customizable symbols like ✚) appear on the chart when these two specific averages cross.
• TEMA Stacking: For a setup to be considered high quality, the 55 TEMA should be "stacked" correctly (below all other averages for longs, or above all other averages for shorts).
• Multi-Timeframe Dashboard: The tool includes a dashboard that tracks conditions on the 5m and 3m timeframes. This allows traders to ensure that the current timeframe setup is aligned with higher-timeframe trends.
• VWAP Integration: An optional VWAP plot is included to serve as a baseline for intraday value and potential support/resistance.

Details

The script utilizes the Triple Exponential Moving Average (TEMA) formula, which provides less lag than a standard EMA by applying multiple EMA calculations and subtracting the difference.

• Calculations: The TEMA is calculated as 3 * E1 - 3 * E2 + E3, where E1 is the EMA of the price, E2 is the EMA of E1, and E3 is the EMA of E2.
• Checklist Logic: The dashboard tracks "Confluence" rows, which turn green (or the specified bullish color) only when the EMA8/TEMA55 cross, TEMA stacking, and timeframe alignment all agree simultaneously.
• Data Retrieval: The indicator uses request.security to pull data from 5-minute and 3-minute intervals to populate the dashboard without needing to switch chart views.

Settings

Moving Averages

• EMA Length: Sets the period for the primary fast Exponential Moving Average (Default: 8).
• TEMA Lengths (13, 21, 55): Sets the periods for the three Triple Exponential Moving Averages.
• Show 13/21 TEMA: Toggles the visibility of the intermediate TEMA lines.
• Show VWAP: Toggles the visibility of the Volume Weighted Average Price.

Visuals

• Color Inputs: Customizable colors for all moving averages and the VWAP.
• Cross Marker Settings: Options to toggle the cross symbol, choose the specific character (e.g., ✚, ★, ●), set colors for bullish/bearish crosses, and adjust the label size.

FAQ

How do I interpret the "TEMA55 Stack" in the dashboard?

The stack is valid (marked with a ✔) when the 55 TEMA is the outermost average—meaning it is below the 8, 13, and 21 averages in an uptrend, or above them in a downtrend.

What is considered an "A+" setup?

An A+ setup occurs when the current trend, the TEMA stacking, and the multi-timeframe dashboard (5m and 3m) all align in the same direction.

How can I access the EMA/TEMA Dashboard?

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