//use as a price structure studying tool
//defaults set for the 1 hour chart... inner cloud represents 24 hours in 1 day, outer cloud represents 5 days in 1 week (forex). Change per desired resolution and market session length.
Originally I created a 52 Week Highs/Lows/Close indicator (1). Recently I wanted to have a daily bias for the year instead. Since there could be important differences when looking at the Highs/Lows/Close for the last year using the weekly resolution vs the daily resolution.
Once I started customizing the previous indicator, I realized it only made sense to let...
Binque's Multi-Moving Average - One indicator with four simple moving average and four exponential moving averages, plus as a bonus a Day High moving average and a Day Low Moving Average.
Simple Moving Average or MA(14), MA(50), MA(100) and MA(200) all in one indicator
Exponential Moving Average or EMA(8), EMA(14), EMA(20) and EMA(33) all in one indicator
created by AutemOx
This creates lines at yesterdays open, close, high, and low. It is pretty amazing use of the timenow and dayofweek variables if I say so myself 8)
Simple code which will find and highlight big price movements in a small period of time. This price movements will usually have an opposite reaction of the same size.
Use this indicator under your own risk.