Composite Indicator, created by taking QuantNomad's EVWMA and using that as input for a variation of rumpypumpydumpy's ALMA Ribbons. Each Ribbon had its sub ribbons summed up and then averaged. The averages were then fed through the ta.rsi and the ta.mom functions giving us our momentum waves. Signal line created from the close value being fed through the ta. ema into the ta.rsi then ta.wma then ta.mom function. Why those in that order? No reason in particular just what I stumbled upon after many variations. I then overlayed Noldo's Whale Trading System to view what "whales" were doing, giving us a good view of when capital is flowing into and out the asset which often contradicts the momentum waves prior to trend changes. Provides a nice visual for how capital is moving along with momentum. Can see when smart money is buying up a big dip or of they seem to still be waiting on the sidelines.
リリースノート
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Added more options for the way things are calculated and made a few minor changes here and there. Added Candles for rsi/wts columns
リリースノート
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Added annotation to better explain what some of the functions are doing/for Cleaned up code for more pleasant viewing experience Minor fixes here and there
This script is actually great, been looking for this for a while! are u still active? got a few questions where to adjust for different time frames. For example, are there sepecific values to be set on the 5min timeframe for scalping purposes and on the 1h or 4h tf?
EsIstTurnt
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@Diederiki, Yea I'm still active, as for specific adjustments to make for shorter time frames I would think one might find it better to use lower lengths for more responsive signaling, although issues with false signals may become more of an issue.. Seeing as this is one of my most popular indicators maybe it's something I'll look into in the future. I've developed a few things I haven't really shared publicly yet that would fit nicely with this.
thegodphreaker
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looks awesome but not sure how to use it. great work
HappyFox1
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Hi, I would like to learn how to use this. Do you have a guide that explains how to use the indicators ?
Mivelo
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Hello, I would like to deal more intensively with your script. Unfortunately I don't really understand it, is there a guide somewhere? Greetings friend
EsIstTurnt
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@Mivelo, I'll have to work on explaining everything in a future update, is there somewhere in particular your interested in ?
For example, are there sepecific values to be set on the 5min timeframe for scalping purposes and on the 1h or 4h tf?