EMA Slope Histogram indicator

January 20th, 2024, 04:15 PM

Hi would somebody be kind enough to take a look at this indicator: https://ninjatraderecosystem.com/user-app-share-download/slope-indicator-with-enhanced-options-nt8/

i would like it to look more like this one from tradingwiev: https://www.tradingview.com/script/5bBmOn2G-EMA-Slope-Histogram/

I need it to be used with 20 period EMA without any need for detrending options.

I find it very useful for determining trend and price action patterns with relation to EMA.

the indicator works find, but it would be amazing if somebody could improve it to use like 2 green and 2 red colors and simplify it and make it more like tradingwiev's one.

Ty and best regards,
Klemen

February 17th, 2024, 09:12 PM

I looked at the screenshots for both indicator versions you referenced. You said you used them for trend determination, so my question is: have you considered using a moving average indicator like the named one below from the NexusFi Download Tab, which changes color when slope changes from positive to negative (see screenshot), or is there some compelling reason you must have it displayed as a histogram? The write-up for this indicator states that it can be placed in any panel, and on any time series data, so there are lots of possibilities.

ColorInputSeriesSlopeChanges

NT8 Indicator image

EMA Slope Histogram indicator

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EMA Slope Histogram indicator