FALSE BREAKOUT NO PROBLEM !! CHK TWIN MOV AVG SEGREGATED RIBBON
[] PROBLEM DEFINITION 1 : To Avoid False Breakouts [] PROBLEM DEFINITION 2 : To Ascertain if the trend has changed when a Stock opens with a Gap up or Gap Down
## PROBABLE SOLUTION : Use a Moving Average with lot of latency ## PROBLEM WITH ABOVE SOLUTION : Misses on lot of trades, Late exits leads to drain on winning trades
[][] S O L U T I O N [][] An Indicator which plots two different types of Moving Averages at the same time For the MA length 5-100 a fast plot of choice For the MA Length 110-200 a plot with a lag to ascertain the trend And then ONE LAST MAN STANDING with even bigger MA length for a lagging indicator to save the day This indicator gives one 9X9 = 81 Permutation Combinations to look at the markets One can devise strategies basis if one particular MA Type has crossed another MA Type Feel free to post the strategies you have come out with!
//// CREDITS AND ACKNOWLEDGEMENTS ////////////////////////////////////////////////////////////////// Following contributors helped the author :: [] Credits to Neobutane for his Multiple Type Mov. Avg. Guppy at ...... https://hxxps://www.tradingview.c0m/script/UQAv1U0c-MA-Study-Different-Types-and-More-NeoButane/ [] Credits to Jose5770 for sharing Jurik MA code at ..... https://hxxps://www.tradingview.c0m/script/uqYvkHna-Trend-Direction-Force-Index/ Appreciate and Thank You for sharing your work. //////////////////////////////////////////////////////////////////////////////////////////////////////
P.S You might notice in the code that the few plots are skipped. It is done to fasten the indicator without compromising on the functionality
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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