Holt Exponential Moving Average indicator script.
This indicator was originally developed by Charles C. Holt (International Journal of Forecasting 20(1):5-10, March 2004: Forecasting seasonals and trends by exponentially weighted moving averages).
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...
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