This personal Indicator was designed for the uncertain market of Bursa Malaysia where traders can only open positions for Buy.
The objective is to trade in fast mode, Fast In Fast Out ( FIFO ) especially when during bearish market.
It is based on Weighted Moving Average and the formula are as followed :
Short WMA = ( wma5 High + wma5 Low ) / 2
Long WMA = ( wma10...
Special indicator for stock but you can try another instrument.
Trend determination and buy/sell signals are using the Alligator system from Bill Williams .
To get maximum profit, the system uses the trailing stop technique using Average True Range (ATR) with 4 moving average options (RMA, SMA , EMA , WMA ).
Please leave comments if any...
![CAELY: [HuD] WMA Fast Band](https://s3.tradingview.com/o/OZagS3yx_mid.png "[HuD] WMA Fast Band")
