教育

Hey Number nerds! you're going to love this!!

アップデート済

A couple days ago I made an indicator that makes calculations based on the candle's close and it's EMA. Then it turns that number into a color AKA Chop Zone indicator. Using the same calculations from the Chop Zone indicator, candles are assigned numbers based on their relationship between 5 different EMA's.

The main theme of this indicator is that the numbers 1, 3, 5, 7, and 9 = GOOD.

The numbers 2, 4, 6, and 8 = BAD.

Candles will have two numbers assigned to them. Candles that do not have numbers assigned are usually at the end of bear or bull rallies.

A candle that is assigned a 9 without a bottom number signifies a strong bear or bull rally.

The strongest number to consider is the #2. It is the reason for gap-ups and gap-downs. I will show you what I mean.

ノート

Ok that picture didn't turn out right. Here it is again.

ノート

This is what GNUS looked like under the hood before the pump. Notice the abundance of 7's. 1Minute time frame

ノート

I think I might have failed to explain how this is numbered. Here is a better way

ノート

So it is basically a way to numerically represent a bar's position among the moving averages. This is not the finished product, however. What I am building is an algo that can navigate through moving average lines and know exactly where to enter and exit based on the number value given on a candle.

Suppose I wanted to go short when a candle closes under the 20 moving average. All I have to do now is to code in a "sell" if the value is 2; 4; 6; or 8. If the value is "7", then go long.