This is a diversified Binary Option or Scalping Alert indicator originally designed for lower Time Frame Trend or Swing trading. Although you will find it a useful tool for higher time frames as well.
The Alerts are generated by the changing direction of the ColouredMA (HullMA by default), you then have the choice of selecting the Directional filtering on these...
This is the same as simple EMA except it performs averaging in log space, which should give more accurate results for very long-term and highly volatile charts.
The indicator represents the relative convergence/divergence of the moving
averages of the financial asset, increased a hundred times. It is based on
a different principle than the ADX. Chande suggests a 13-week SMA as the
basis for the indicator. It represents the quarterly (3 months = 65 working days)
sentiments of the market participants concerning...
Super simple.
Three simple moving averages all in a single indicator for your convenience.
Default values:
MA 1 - 20
MA 2 - 50
MA 3 - 100
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Traders are represented by red lines, they move fast
Investors are represented by green/orange lines, investors move very slow
When you see some quick moves from traders,
you can take the opposite side of the trade because you know investors
are behind you and are very slow to change position.
How to use :
When the green / orange lines are contracting, the...
