This indicator shows us if the price is moving up or down based on the 20MA of the 20MA. If the line is green then this indicates that the price is moving up, and if red the price is moving down.
How to use: Not applicable here because its all about the 20MA.
Markets: It can be used to all markets.
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Version 2.0
[* Upperband and Lowerband 20MA of the 20 MA line] [* LONG/ SHORT area added] [* Option to plot 20MA, 200MA and/or 20MA of the 20MA line] [* LONG/SHORT Labels removed]
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- Background color changed to black - 200 EMA line color changed
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Updates: - 200 EMA Channel added: this is the area between the 200 EMA High price and the 200 EMA low price - Black background removed
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Version 2.2 - Nitfty Box added: just a simple Nitfty box to make analyzing your chart more comfortable
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Version 2.2 - Nitfty Box added: just a simple Nitfty box to make analyzing your chart more comfortable
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Updates: - minor changes Nifty Box
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Updates: - Nifty Box bug fixed
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Suggested Entrypoints added
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Distance between Suggested Entrypoints added
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Minor changes
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int_20MA_of_20MA_START_GOING_UP = amount of bars the charts is in the green int_20MA_of_20MA_START_GOING_DOWN = amount of bars the charts is in the red
I am excited to use this indicator. Should I make any adjustments to the settings?
Wilson-IV
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@carlasoldit, Thank you. Yes, and please share your settings it with us.
carlasoldit
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@Wilson-IV, May I ask what do the red and green dots represent?
Wilson-IV
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@carlasoldit, The idea behind this is, when you see the first green dot, then this indicates you can go Long, first red dot means go Short. But be careful because it's not 100% accurate.