JonnyFutures Scalpomatic

This indicator combines Fair Value Gap (FVG) detection with Exponential Moving Average (EMA) signals to help identify potential trade entry points based on market inefficiencies and trend direction.

⚙️ Main Components
1. EMAs

Two EMAs are calculated:

EMA 20 (short-term trend)

EMA 50 (medium-term trend)

ema20 = ta.ema(close, len20)
ema50 = ta.ema(close, len50)


These are plotted on the chart:

Orange line = EMA 20

Purple line = EMA 50

2. Fair Value Gaps (FVGs)

The script looks for gaps in price structure (imbalances):

Bullish FVG → when the high from two bars ago is less than the current bar’s low
→ Indicates a potential bullish inefficiency.

Bearish FVG → when the low from two bars ago is greater than the current bar’s high
→ Indicates a potential bearish inefficiency.

bullishFVG = high[2] < low[0]
bearishFVG = low[2] > high[0]


When found, the background color changes:

Light Green for bullish FVGs

Light Red for bearish FVGs

bgcolor(bullishFVG ? color.new(color.green,90) : na)
bgcolor(bearishFVG ? color.new(color.red,90) : na)

3. EMA Crossover Signals

The script plots visual buy/sell markers when the closing price crosses above or below each EMA:

For EMA 20:

✅ Long signal (triangle up, lime): close crosses above EMA 20

❌ Short signal (triangle down, red): close crosses below EMA 20

For EMA 50:

✅ Long signal (triangle up, aqua): close crosses above EMA 50

❌ Short signal (triangle down, maroon): close crosses below EMA 50

These signals help identify potential trend-following entries or exits.

📈 How to Use It

Trend Confirmation:
Watch the EMAs — if EMA20 > EMA50, the trend is generally bullish; if EMA20 < EMA50, it’s bearish.

FVG Zones:
When a bullish or bearish FVG appears, it highlights potential retracement zones where price may rebalance before continuing the trend.

Entry Timing:
Combine FVGs with EMA cross signals for confluence:

Long bias → bullish FVG + price crossing above EMA 20 or 50.

Short bias → bearish FVG + price crossing below EMA 20 or 50.

🎯 Summary

This indicator:

Detects Fair Value Gaps and shades them visually.

Plots EMA 20 and EMA 50 to define short- and mid-term trends.

Marks entry/exit signals when price crosses these EMAs.

Is designed for trend-following trades with FVG confirmation