EMAEnvelope indicator does just that, draws a nice user-defined period EMA envelope (overlay).
It also can highlight the Bull/Bear breaks using different colors - Green : High > EMA_HIGH - Lime : (High > EMA_HIGH) and (Low > EMA_HIGH) - Orange : Low < EMA_LOW - Red : (Low < EMA_LOW) and (High < EMA_LOW)
Background highlighting is user-configurable.
Now to the (crazy) prediction: Based on a 100-period EMAEnvelope, we may have to go down to ~427.3 before starting turning Green. Look at the 2 Orange/Red areas highlighted.
great indicator, thanks what timeframe is best to use? thanks
palkang81
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1 HR
signaltriangle
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and its 2018! I am special kind of a stalker .. lol
@LazyBear Please tell me somekinda magical indicator for btc lol
Obihiro
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Big fan of Lazy Bear from 2021! So interesting to go back in time and dig into these indicators.
JimmyJambles
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Thanks Lazy. You're a beautiful man.
LazyBear
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Thanks Jimmy
This just made my day :)
LazyBear
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This played out really well. Feel bad for all those who got goxed, though :(
I am expecting this to go further down.
LazyBear
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Expanding on my EMA200 comment above:
If a 200 period EMAEnvelope is drawn, it actually shows only one breach, one bounce on EMA_HIGH till the recent touch. Extrapolating that, we may have 10-days "V" formation and 82days of consolidation before to-da-moon.
Approximately around 24th of May 2014. There you go, another crazy prediction :)
LazyBear
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This is assuming we breach down and form a proper "V". If it bounces off EMA_HIGH upside and starts the rally I am screwed!
what timeframe is best to use?
thanks