I like renko blocks and I like guppy mma's so I decided to put together a study for using them with each other while I'm using other bar types.
Additionally, I added two line plots for two different renko sizes of your choice. This has a nice benefit of being able to see how price appears to be ranging between the "block sizes".
Being able to see the lines...
logarithmic exponential moving average
plots 3 lines instead of 1
default is 50,100,200
use standard scale instead of log, for this to work properly.
BTC tip jar: 1Mv1s7nLaTsRoLai5WXEGg8doisXuiPUXy
ETH tip jar: 0x6113DDD23D0D5aCad3d1f8640A8A571E9Cb86cB8
LTC tip jar: LYvyoqTSWxa22TQw3E7818xy4AfYNi6xcm
BCH tip jar: 1GC7oZ7MhLkamKCDdZFnUfV21SKWq84VdY
This is an experimental study designed using data from Bollinger Bands to determine price squeeze ranges and active levels of support and resistance.
First, a set of Bollinger Bands using a Coefficient of Variation weighted moving average as the basis is calculated.
Then, the relative percentage of current bandwidth to maximum bandwidth over the specified sampling...
This is an unmodified Bollinger Band, with the addition of buy/sell arrows.
No arrow = hold the position (whether in or out)
Blue up = buy
Red down = sell
Arrows are produced by MACD histogram moving in the same direction as price.
MACD settings are:
Fast EMA = 10
Slow EMA = 20
Signal Smoothing SMA = 5
I've been interested in 'Multiple Moving Averages' lately and came across another script on here for a Rainbow MA.
Unfortunately its source is private and I wanted to try things out with other MA types so I put this together.
I also wanted to make it a seperate study so I could view regular bars without the clutter.
The general rule of thumb with these is the...
![BTCUSD: Squeeze Box [DW]](https://s3.tradingview.com/b/Bin98rqQ_mid.png "Squeeze Box [DW]")
![EURUSD: [Tutorial][RS]Working with orders](https://s3.tradingview.com/t/TQVitTEQ_mid.png "[Tutorial][RS]Working with orders")
