High Volatility EMA Extension Bands

Key Features:

• 8 EMA (yellow) and 34 EMA (white) for trend identification
  
• Three dynamic extension bands at 10%, 25%, and 35% above and below the 34 EMA
  
• Color-coded zones with shaded fills to visualize volatility extremes
  
• Entry signals appear above bars when price crosses up with momentum confirmation
  
• Exit signals appear below bars when price crosses down with momentum confirmation
  
• Prevents duplicate signals through smart logic that requires 2 consecutive confirming candles
  

How to Use:

• Green zones (10%) indicate mild extension
  
• Orange zones (25%) indicate moderate extension
  
• Red zones (35%) indicate extreme extension - potential reversal areas
  
• Yellow "Entry" arrows mark bullish crossovers with confirmed momentum above the 34 EMA
  
• Yellow "Exit" arrows mark bearish crossovers with confirmed momentum below the 34 EMA
  

Best For:

• High volatility stocks, growth stocks, and cryptocurrency trading on daily timeframes. Works well for swing trading and identifying mean reversion opportunities at extension extremes.
  
• Settings:
  
• Fully customizable extension percentages and EMA lengths to adapt to different asset volatility profiles.