BBMA OA is a trading technique and strategy invented by Technical Analysis guru, Mr Oma Ally.
It consists of :
1. WMA 5 High 2. WMA 10 High 3. WMA 5 Low 4. WMA 10 Low 5. Bollinger Band ( Standard Setting ) 6. EMA 50 ( Purple Line ) 7. SMA200 ( Red Line )
There are many rules for entry, Take Profit (TP) and reentry etc from this technique. For the introduction, I start with basic info first before proceeding to the next stage ( info & coding ).
Upper band WMA = Green color when ( WMA5 High > WMA10 High ) Lower band WMA = Green color when ( WMA5 Low > WMA10 Low )
Upper band WMA = Red color when ( WMA5 High < WMA10 High ) Lower band WMA = Red color when ( WMA5 Low < WMA10 Low )
Green Candle = Momentum Up candle - when candle close outside from TopBB Red Candle = Momentum Down candle - when candle close outside from Low BB
+ sign (Red) when line WMA exceed outside TopBB (possible Extreme Sell will happen) + sign (Green) when line WMA exceed outside LowBB (possible Extreme Buy will happen)
Nota Keluaran
⋅
Updated Version :
1. Using the original Oma Ally's WMA, BB and EMA50 colors. Please refer setting menu for reference. 2. User has the option to display WMA band ( WMA Low and WMA High ). 3. User has the option to display "+" sign which indicates WMA is outside Bollinger Band.