Momentum MultiTimeFrame + EMA SMA Signals

27 Ağu 2018

This combines multiple ideas and indicators into one script.

This can be used for all time frames minutely, daily, weekly etc.

Relies heavily on EMA(8) and EMA(15) and looks at SMA(50) and SMA(200) levels at times.

It also gives an indication of next higher level momentum (Custom Time Frame - Ideally should be next level than selected time fractal.) momentum with thick Lines and Daily (21) trend with thin lines.

There's an option to Hide/Display Exit Short labels (hidden by default). Also, an option to display/Hide Weaker Buy Signal (Enabled by default).

Exit Long (Ex-L) can't be configured to hide as each Ex-L indicator is important and will help in exiting the trade.

Roadmap:
Include Ex-L signal below EMA(3) when gap is more between EMA(8) and EMA(3)
Include Candle stick lower wicks to indicate strong Buy Signals.

28 Ağu 2018

Sürüm Notları

Fixed weak buy signal to show when hide weak signals is unchecked to check for ema(15) > ema (8).

30 Ağu 2018

Sürüm Notları

Added comments for weak and strong sell signals in the code. Made it clean so new signals can be easily added or customized.
Added Candle Wick crossing EMAs signals.
Added Double Cross Averages.
Added Option for Display/Hide Signals. (True By Default)

4 Eyl 2018

Sürüm Notları

First of all many thanks for the people who have posted nice scripts.

n.bhaskar.1993
ucsgears
LazyBear

I have taken bits and pieces from scripts by above mentioned authors and made some customization by adding more features and signals including my own signals.
During this release under input I have added "Display only T-line signals which is set to true by default.

You may play around with input parameters to find what you need.
Also added fantastic work done by n.bhaskar's script but only displaying medium and long term signals. I have omitted short term signals to remove noise.

Changed bold line for 21 day stochastic momentum and updated weekly stochastic momentum from bold to thin as this made more sense from buy-sell signal perspective.

I use this chart along with customized MTF Weiswave by LazyBear so it gives good picture of overall trade.