This indicator is mostly the same as other RSI+EMA indicators, the relevant difference is that it uses three EMAs instead of one.
The additional two EMAs can act as support/resistance and tell how strong a move is (eg. 'Williams Alligator'). It provides the same utility any MA does.
Multi SMA EMA WMA HMA 4x5 Moving Averages with Bollinger Bands Advanced MTF by RagingRocketBull 2019
This indicator shows multiple MAs of any type SMA EMA WMA HMA etc with BB and MTF support, can show MAs as dynamically moving levels.
There are 4 MA groups + 1 BB group, a total of 4 TFs * 5 MAs = 20 MAs. You can assign any type/timeframe combo to a...
as usual recently the chart is bugged if I dare post a log one so I deleted and reposted...
here is a simple ema/team script that could allow you to catch trends.
You can play with parameters to get alerted of strong trends, or to detect trends early on.
I want to adapt this to an inside bar strategy, I am going to release that in a while, it is not...
2 x Ichimoku Cloud
5 x EMA
2 x MA
1 x HullMA
Study is based around trader @br0qn 's Ichimoku script.
Credits also go to:
@RicardoSantos for the Bill Williams Fractals
@EmilianoMesa for the EMAs/MAs
@mohamed982 for the HullMA
The script is open source so please feel free to change it around. I'd greatly appreciate...
A combination of 8 EMA & 5 SMA to use with more advanced MA strategies and de-cluttering of indicator list.
To identify lines, Color combination should be somewhat warmer/lighter to cooler/darker colors.
EMA have a thicker line than the SMA. Color pairs have lighter/darker in cases where there are slight variations (when using one over another).
Common moving addresses often act as support and resistance levels. This script will incorporate four (2 exponential and 2 simple ) moving averages. The default are lengths of 8, 20, 50, and 200. These are adjustable. Many of us are aware that these areas often tend to be supply / demands zones. We are also aware that movement around these areas can fluctuate...
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