Introduction Bands are quite efficient in technical analysis, they can provide support and resistance levels, provide breakouts points, trailing stop loss/take profits positions and can show the current market volatility to the user. Most of the time bands are made from a central tendency estimator like a moving average plus/minus a volatility indicator....
Credits to @Fractured Adapted the "Many Moving Averages" script to VP's NNFX No Nonsense Forex method. Includes: - ATR bands and labels - Price is > 1 ATR away from baseline indication Without ATR Bands and bar colors Available MAs "ALMA", "EMA", "DEMA", "TEMA", "WMA", "VWMA", "SMA", "SMMA", "HMA", "Kijun", "McGinley"
SMA 200 determines the trend Bullish trend, green candles. Down trend, red candles. If the market value is narrow to the SMA200 channel, yellow candles. Setting recommended for SMA Range BTCUSD = 100 EURUSD = 1000 SPX = 100 ETHUSD = 10
Hi everyone I didn't publish on Friday because I was working on an Expert Advisor in MT4. The day I don't publish, some scripts spamming guys published many (not useful) scripts the same to kick me out of the TOP #1 ranking. So what I'm going to do about it? crying or sharing more quality scripts than before? :) I guess you know the answer :) I'm gonna share a...
Plots VWAP and MVWAP for intraday trading. Useful to avoid whipsaws Market structure is important to take any trades Avoid taking trades close to support and resistance
This is an updated version of my previous Triple Moving average script. This one plots 3 moving averages + Elder impulse system. The user has an option to choose from EMA or SMA. User can also choose the length and source for moving averages. The user also has an option to turn ON/OFF the use of the Elder impulse system. All this utilizing the space for a...
5 Daily simple moving averages in nice colours
I like to use OBV as a summary of the order book action + I added Fib levels from my other script for more context. I typically trade swings on H4, and HMA of the OBV helps me set the bias/trend.
Stolen from Madrid Moving Average Ribbon : 2.0 : MMAR - Respect! madridjourneyonws.blogspot.com Adapted for 4H 5 most optimal EMAs This plots a moving average ribbon, please use the exponential not the standard. It is based on a constant calculation of the most profitable EMAs to trade on the 4H time frame for Bitcoin! Thus the values will be updated with...