EMA Slope/Angle Oscillator, Multiple Moving Average Oscillator, Multiple type Moving Averages HMA,EMA,WMA,SMA, VWMA,VWAP provided.
The angle is calculated between the Slow MA and Fast MA and the difference between the angle is plotted as Histogram. Additionally Buy Sell Signals are plotted as green and red Dots. its very easy to judge the movement of price Bearish/Bullish.
Bearish if price below 0 line
Bullish if price above 0 line
Zero crossing is Moving Average Crossover.
Trend Filter is provided to filter opposite signals. Angle Threshold is provided to filter low angle false signals. Dead zone is plotted around Zero Line. Trades can be taken after Threshold angle or Dead zone is crossed Its interesting to see how different Moving Averages move along with price Action.
Hi Sir, it looks great, just wondering is it possible to add oversold and overbought zones to this indicator, like extreme zones, if yes, it is great to detect possible trend reversals. Thanks
diLiviu
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Thank you sir!
rapira34c
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I had that idea of implementing an indicator based of EMA angles. Then I found your indicator. The outcome looks very similar to Lazy Bear's Squeeze Momentum though the calculation is completly different. Great approach. I have to test it a little further. But it really looks very promising so far.