Using the ideas from "Consensio" system, by Tyler Jenks, this Indicator shows a Buy and sell values, with 3 levels
using the position order of 3 smas: short, medium and large
There are 3 combinations indicating buy and 3 indicating sell:
Example: LSM (Long SMA Top, Then Short, Then Medium)
3 levels each. More level more power signal for buy or sell
MLS = Sell Level 1
LSM = Sell Level 2
LMS = Sell Level 3
SLM = Buy Level 1
SML = Buy Level 3
MSL = Buy Level 2
The triangles on top of the indicator shows any cross of the 3 SMAs and the level of buy/sell signal of the combination
The hystogram shows a composed value, using the distance of each SMA to the close price of each bar and te result is
multiplied by the actual combination order of the SMAs, positive values for Buy, negative for shell, using values from 1 to 3
The longer the SMA period, more weight has in the result value.
(These factors are editables)
My defaults:
50% using Long SMA
35% Using Medium SMA
15% Using Short SMA
Let me know if you encounter this as useful as me.
Nakitxu
using the position order of 3 smas: short, medium and large
There are 3 combinations indicating buy and 3 indicating sell:
Example: LSM (Long SMA Top, Then Short, Then Medium)
3 levels each. More level more power signal for buy or sell
MLS = Sell Level 1
LSM = Sell Level 2
LMS = Sell Level 3
SLM = Buy Level 1
SML = Buy Level 3
MSL = Buy Level 2
The triangles on top of the indicator shows any cross of the 3 SMAs and the level of buy/sell signal of the combination
The hystogram shows a composed value, using the distance of each SMA to the close price of each bar and te result is
multiplied by the actual combination order of the SMAs, positive values for Buy, negative for shell, using values from 1 to 3
The longer the SMA period, more weight has in the result value.
(These factors are editables)
My defaults:
50% using Long SMA
35% Using Medium SMA
15% Using Short SMA
Let me know if you encounter this as useful as me.
Nakitxu
Hodl!