Pretty weird and experimental fibonacci ribbon overlay, for visual use and fun only at the moment. Will update the script if i think of any other ways to use it, ideas welcome.
Meant for use with Heikin Ashi candles.
All the moving averages bewteen 3 and 200 in increments of 5.
with the ability to change colours
and change between simple and exponential.
It provides an easy and fast way to determine the trend direction and possible reversals.
This indicator displays a custom timeframe VWAP line
together with several multiples of this timeframe
After a large price move, the price often tends to return to one of these multiples
7 hours ago
Hello friends. This is simply a moving average ribbon, per se. The values for the colored ribbon can have their length calculated to fit their chosen resolution on the current one. This solved problems for me, but it was my own solution. Maybe I'll learn something new from sharing this.
To everybody else who is learning as well, this script...
Copyright by RJ 3/2018
Should be used with lower timeframe and higher timeframe charts
First set your chart to the lower timeframe you'd like to analyze
For this method, low timeframe/high suitable timeframe pairs are:
5min with 30min parent
15min with 1hr parent
This is a very easy script to build. Indicators like this can be very nice to use to spot trends. I just wanted to share it if someone to trade with it or wants to build on it further. The oscillator is my TRIX script:
Hey guys. Here's a basic script that puts 5 EMAs on your screen at once without having to use multiple indicator slots. The colors and bandwidths are customizable, and you can can even hide EMAs which you are not currently using, say if you wanted 12/26 only or 50/200. Happy trading!
By default, this script shows 7 different EMAs set to 5, 10, 20, 50, 100, 150, 200 intervals. If a bar closes below one of these EMAs, the respective EMA will turn red otherwise it will be green. 50 and 200 EMAs have double the linewidth of others.