OPEN-SOURCE SCRIPT
Momentum_EMABand
📢 Reposting this script as the previous version was shut down due to house rules. Follow for future updates.
The Momentum EMA Band V1 is a precision-engineered trading indicator designed for intraday traders and scalpers. This first version integrates three powerful technical tools — EMA Bands, Supertrend, and ADX — to help identify directional breakouts while filtering out noise and choppy conditions.
How the Indicator Works – Combined Logic
This script blends distinct but complementary tools into a single, visually intuitive system:
1️⃣ EMA Price Band – Dynamic Zone Visualization
Plots upper and lower EMA bands (default: 9-period) to form a dynamic price zone.
Green Band: Price > Upper Band → Bullish strength
Red Band: Price < Lower Band → Bearish pressure
Yellow Band: Price within Band → Neutral/consolidation zone
2️⃣ Supertrend Overlay – Reliable Trend Confirmation
Based on customizable ATR length and multiplier, Supertrend adds a directional filter.
Green Line = Uptrend
Red Line = Downtrend
3️⃣ ADX-Based No-Trade Zone – Choppy Market Filter
Manually calculated ADX (default: 14) highlights weak trend conditions.
ADX below threshold (default: 20) + Price within Band → Gray background, signaling low-momentum zones.
Optional gray triangle marker flags beginning of sideways market.
Why This Mashup & How the Indicators Work Together
This mashup creates a high-conviction, rules-based breakout system:
Supertrend defines the primary trend direction — ensuring trades are aligned with momentum.
EMA Band provides structure and timing — confirming breakouts with retest logic, reducing false entries.
ADX measures trend strength — filtering out sideways markets and enhancing trade quality.
Each component plays a specific role:
✅ Supertrend = Trend bias
✅ EMA Band = Breakout + Retest validation
✅ ADX = Momentum confirmation
Together, they form a multi-layered confirmation model that reduces noise, avoids premature entries, and improves trade accuracy.
💡 Practical Application
Momentum Breakouts: Enter when price breaks out of EMA Band with Supertrend confirmation
Avoid Whipsaws: Skip trades during gray-shaded low-momentum periods
Intraday Scalping Edge: Tailored for lower timeframes (5min–15min) where noise is frequent
⚠️ Important Disclaimer
This is Version 1 — expect future enhancements based on trader feedback.
This tool is for educational purposes only. No indicator guarantees profitability. Use with proper risk management and strategy validation.
The Momentum EMA Band V1 is a precision-engineered trading indicator designed for intraday traders and scalpers. This first version integrates three powerful technical tools — EMA Bands, Supertrend, and ADX — to help identify directional breakouts while filtering out noise and choppy conditions.
How the Indicator Works – Combined Logic
This script blends distinct but complementary tools into a single, visually intuitive system:
1️⃣ EMA Price Band – Dynamic Zone Visualization
Plots upper and lower EMA bands (default: 9-period) to form a dynamic price zone.
Green Band: Price > Upper Band → Bullish strength
Red Band: Price < Lower Band → Bearish pressure
Yellow Band: Price within Band → Neutral/consolidation zone
2️⃣ Supertrend Overlay – Reliable Trend Confirmation
Based on customizable ATR length and multiplier, Supertrend adds a directional filter.
Green Line = Uptrend
Red Line = Downtrend
3️⃣ ADX-Based No-Trade Zone – Choppy Market Filter
Manually calculated ADX (default: 14) highlights weak trend conditions.
ADX below threshold (default: 20) + Price within Band → Gray background, signaling low-momentum zones.
Optional gray triangle marker flags beginning of sideways market.
Why This Mashup & How the Indicators Work Together
This mashup creates a high-conviction, rules-based breakout system:
Supertrend defines the primary trend direction — ensuring trades are aligned with momentum.
EMA Band provides structure and timing — confirming breakouts with retest logic, reducing false entries.
ADX measures trend strength — filtering out sideways markets and enhancing trade quality.
Each component plays a specific role:
✅ Supertrend = Trend bias
✅ EMA Band = Breakout + Retest validation
✅ ADX = Momentum confirmation
Together, they form a multi-layered confirmation model that reduces noise, avoids premature entries, and improves trade accuracy.
💡 Practical Application
Momentum Breakouts: Enter when price breaks out of EMA Band with Supertrend confirmation
Avoid Whipsaws: Skip trades during gray-shaded low-momentum periods
Intraday Scalping Edge: Tailored for lower timeframes (5min–15min) where noise is frequent
⚠️ Important Disclaimer
This is Version 1 — expect future enhancements based on trader feedback.
This tool is for educational purposes only. No indicator guarantees profitability. Use with proper risk management and strategy validation.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.