SPY Refracted EMA Mode

6 Nov 2022

Close Up:

Historic significant levels to test its responsiveness:

It can be set to values like 1000 and it might even make sense even on daily tf with specific settings of the indicator.

But I will use Base EMA 360 BSP 360 Factor say 7
Don't touch Fast EMA if you want to ever survive through that.
And lets give a week offset just for lulz. (7 days so input 7)

OR have your own custom inputs with the scrip of the indicator on probably your own relevant timeframe: REFRACTED EMA

Feel free to use it and stick with its original default settings of "... , 60 ; 60 ; 2 ...whatever, "

6 Jan 2023

Nota

Which version of Refracted EMA was more convenient. I’m looking forward to hear ideas before updating the script.