Elastic Volume Weighted Moving Average indicator script. This indicator was originally developed by Christian P. Fries (Technical Analysis of Stocks & Commodities, June 2001).
This is an extension of the Madrid Moving Average Ribbon public script to allow for different kinds of moving averages (the original allows only exponential and simple). Possible entries in the MA Type argument field are:
sma (simple moving average)
ema (exponential moving average)
wma (weighted moving average)
trima (triangular moving average)
zlema...
Linear Weighted MA that changes colors based on slope.
Green = slope up from last bar
Yellow = slope is 0 from last bar
Red = slope down from last bar
This time with the ability to change the period.
Mashed together the ema-bands from IvanLabrie with some moving average script stuff from ChrisMoody and LazyBear and this is the result. Credit goes to them, 'cause I don't know to how to code tbh. Just copy/pasted stuff untill I got the result I wanted.
Bands work as support/resistance among other things. You can use them to trade breakouts or reversals or...
About:
I developed the original as an experiment to potentially replace or augment my BB and RSI based strategies. After some back-testing I could see some really interesting results but it wasn't quite where I wanted it, so after some tweaking and further back-testing, and adding in more MA options, here we are. Mostly tested on 1h and greater time-frames using...
See when two moving averages cross. With the option to choose between four moving average calculations:
SMA = simple moving average
EMA = exponential moving average (default)
WMA = weighted moving average
Linear = linear regression
The moving averages can be plotted from different time-frames, like e.g. the weekly or 4 hour time-frame using HL2, HLC3 or...
Trade Archer Moving Averages has been updated!
Description:
Moving averages are one of the cornerstones to technical analysts tool box. There are several different kinds of moving averages of which the most common can be selected. Up to four moving averages may be configured and displayed with the option to show clouds between them. Additionally I have added a...
This indicator is measuring if three different moving average calculations (EMA,WMA,SMA) with the same period length are aligned in an uptrend. If this is the case then the bar is colored in green. If only one or two of the three moving averages signals an uptrend then the bar is colored in blue. This can mean that the trend is changing.
Save another $999 bucks...
In this chart we can see an adaptation I made of an indicator a certain fellow named nanningbob uses in one of his trading systems.
It's a great thing to have, since Forex pairs are mostly ranging markets. It captures price movement very well, and gives realistic take profit levels, without having to risk major drawdown if used wisely.
Hope you like it and find...
