EMA Trend Bars

EMA Trend Filter Bars indicator

EMA Trend Bars is a trend-following indicator that colors price bars based on their position relative to an Exponential Moving Average (EMA), helping traders quickly identify market direction and filter trades.

Bar colors are determined using HLC3 (High + Low + Close) / 3, which reduces noise and minimizes false signals caused by brief price spikes around the EMA:

• Green — bullish trend (HLC3 above EMA)
• Red — bearish trend (HLC3 below EMA)

This approach provides a clear visual trend state, making it easier to:

• trade in the direction of momentum
• avoid counter-trend entries
• confirm pullbacks and breakout setups
• filter strategies by market bias

The EMA period is fully configurable, and the EMA line itself can be optionally displayed or hidden in the settings.

Best used as a trend filter for intraday, swing, or position trading across any market.

Inspired by the original concept by ChrisMoody.