MAGNUS™
A CHANGE of background color indicates a trade opportunity :
Cyan background = BUY
Purple background = SELL
The bullish signals seem to be better than the bearish ones.
Based on the "Willy" indicator.
Don't change the parameters unless you fully understand the consequences.
Use with brains and caution :)
Cyan background = BUY
Purple background = SELL
The bullish signals seem to be better than the bearish ones.
Based on the "Willy" indicator.
Don't change the parameters unless you fully understand the consequences.
Use with brains and caution :)
study(title="MAGNUS™", shorttitle="MAGNUS™") length = input(21, minval=1) upper = highest(length) lower = lowest(length) out = 100 * (close - upper) / (upper - lower) src = out, len = input(54, minval=1, title="MA Short Length") lenm2 = input(13, minval=1, title="MA Long Length") len0 = input(8, minval=1, title="Willy Smoothing") m0 = ema(out, len0) m1 = ema(out, len) m2 = sma(out,lenm2) col = m0>m1?aqua:fuchsia plot(out, color = green) plot(m0, color = white) plot(m2, color = red) plot(m1, title="EMA", color=orange) band1 = hline(-20) band0 = hline(-80) fill(band1, band0) bgcolor(col,transp=92)
