This is RSI indicator that shows background color, when proper levels reached, instead of line in another pane. Customizable options are available:
- overbought level
- oversold level
I have added as well RMA of RSI for extra confirmation if needed. I hope you enjoy and will leave me some feedback! Don't forget to follow me for new...
The alpha parameter of this moving average decreases with every new bar on the chart, so it will become more slowly and slowly in course of time. Can act like additional support/resistance line but works in an acceptable way on weekly and monthly timeframes only.
use alongside other indicators like my hma, tesma, tdi scripts. this will give you confirmation for long short opportunity.
look up basic knowledge for fast and slow ema crossovers for other ways to use the script
3 EMAs will help identify and predict uptrends and downtrends
-If EMAs are all above the candles it a sign to sell & if the EMAs are below its a sign to buy
- If the Green-8 EMA crosses or touches red candle then flips under the other EMAs & candles then it's time to sell
-If the Green-8 EMA crosses or touches green candle then flips above the other EMAs &...
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The following indicator was made for NON LUCRATIVE ACTIVITIES and must remain as is following TradingView's...
This indicator was originally developed by Vitali Apirine (Stocks & Commodities V. 37:5 (April, 2019): Adaptive Exponential Moving Average).
This is his second modification of Kaufman Moving Average. In essence, the idea remains the same as in the previous (): the smoothing constant is...