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🌐 Indicator EMA30 Band Breakout for TradingView 👑

A trend-following indicator that wraps price in a band built from two EMAs, 30-period EMA of highs and 30-period EMA of lows, and signals when price breaks out to a new swing beyond its previous one. A 200-period EMA acts as the trend filter.

👉 How it works

The band. The space between the EMA30 High and EMA30 Low is shaded according to where price is closing:

Green: close is above the EMA30 High (bullish pressure)
Yellow: close is inside the band (neutral / consolidation)
Red: close is below the EMA30 Low (bearish pressure)

LONG signal. While price is trading above the EMA30 High, the script tracks the peak of that excursion. When it falls back inside the band, that peak is stored as the reference high. A LONG label prints when a later push above the band breaks above that previous peak, and the close is above the EMA200.

SHORT signal. The exact mirror: price trades below the EMA30 Low, the lowest point of that excursion is stored, and a SHORT label prints when a later move breaks below that previous trough, with the close below the EMA200.

Staying in the trade. A signal won’t repeat while the position is considered open. A long is considered finished only after two consecutive closes below the EMA30 Low (a short, after two consecutive closes above the EMA30 High), so single-bar dips don’t end the move early.

Small dotted lines on the chart mark the stored previous peak and trough, so you can see exactly which level a breakout has to clear.

✔️ Instructions how to install are inside archive 😀

🎊 🎉HAPPY TRADING !!!!🎉🎊

😍🚨 Join our affiliate VIP group 😞👑

➡️ Simple Forex EAs ✔️
☁️ The our chat: https://t.me/gb_eas 🫂
✅ Admin: @simpleforextooladmin 🥷⭐
ℹ️ The best VPS service ℹ️
🚨 Scammer alert!! 🚨 ⬅️ READ IT!!! DON'T BE STUPID!!✅