Variable Moving Average(VMA) with a view of the trend based on the VMA on multiple timeframes. The Variable Moving Average (VMA) is a study that uses an Exponential Moving Average being able to automatically adjust its smoothing factor according to the market volatility . The timeframes of the indicator must be set to a higher timeframe than whatever timeframe your chart is set to to work properly. Example(default): Trading on the 15m timeframe so have the timeframes set to: 1) Chart 2) 30m 3) 45m 4) 60m
Green line of VMA = uptrend in price action Red line of VMA = downtrend in price action White line of VMA = indecision in price action
Green candles = uptrend and above VMA Red candles = downtrend and below VMA White candles = indecision or chop in price action
Green symbol below candle = all six timeframes are above the VMA Red symbol above candle = all six timeframes are above the VMA No symbol above or below candle = indecision amongst the six timeframes
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- Adjusted default timeframes shown to only 3 - Adjusted timeframes to higher timeframes over the 15m timeframe - Adjusted the table to only show the default 3 timeframes
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-Added 1 additional timeframe to default timeframes -Adjusted colors of symbols and table
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- Made default timeframes shown to 3
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- updated default length to 9
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- changed default Timeframes; defaulted to trade on 1H timeframe - new screen shot of chart to showcase possible strategy
Thanks for this! Just wondering how does this indicator identify in the multi -timeframe table if it's already bullish or bearish? Is it when close is already below VMA or something?
s3raphic333
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@Lies-Its-All-Weeds, It will flash as soon as it happens but will confirm at close
EKRTrades
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Your script works really well. I use it on NQ. I pair it with a reg 9ema when price departs from the line to keep eye price distance. Keep at it!
Wow! This has some serious potential. I trade futures /NQ and /ES and curious to see how this works with it. While it's not a system for knowing when to buy it does provide a lot of useful data. So basically, if I understand correctly, white candles are chop? And what is the white line? Sorry, but the translate feature isn't translating some stuff correctly. So figured it would be better to ask. Also, I do not see orange lines being drawn on my chart which reflect the price box?
s3raphic333
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@JoshExile82, I'd check out my other script called Rails.
The white candles are chop. The white lines were drawn by me but show how you could use the white portion of the Variable Moving Average as support/resistance lines. The orange lines were also drawn by me based on information in the table.