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zackdinz
17 Jan 2023 pukul 03.53

[zackdinz] BBMA Oma Ally 

W&T Offshore, Inc.NYSE

Huraian

Introduction:
The BBMA OMA Ally indicator is a combination of Bollinger Bands and several different moving averages. It uses the power of both indicators to provide a comprehensive and robust analysis of market trends and patterns. The indicator is based on the principle of combining trend-following and momentum indicators to generate precise buy and sell signals.

Conditions:
This indicator uses four main conditions to generate signals: Momentum Move, Extreme Move, Reentry and MHV. Momentum Move is a condition where the price is above the upper Bollinger Band and the moving average is trending upwards. Extreme Move is a condition where the price is significantly above the upper Bollinger Band and the moving average is trending upwards. Reentry is a condition where the price is above the middle Bollinger Band and the moving average is trending upwards. MHV is a condition where the price is below the lower Bollinger Band and the moving average is trending downwards.

MA Retest:
The best entry point is at the Reentry and MHV conditions when the MA Retest happens. MA Retest is when the low is below the MA5 and the close is above the MA10 for a buy signal, and when the high is above the MA5 and the close is below the MA10 for a sell signal.

Multiple Timeframe:
The BBMA OMA Ally indicator can also be used on multiple timeframes for a more comprehensive analysis. This strategy involves using different timeframes, such as the 5-minute, 15-minute, and 1-hour charts, to identify trends and patterns. By analyzing different timeframes, traders can have a better understanding of the market and make more informed trading decisions.

Attractiveness:
The BBMA OMA Ally indicator is a powerful tool that can help traders make more profitable trades. It is easy to use, and its signals are highly accurate. By combining the best features of Bollinger Bands and Moving Averages, it provides a complete picture of the market. Additionally, the multiple timeframe strategy allows traders to have a more comprehensive analysis of the market.

In conclusion, the BBMA OMA Ally indicator is a must-have tool for any trader looking to improve their trading performance. Its combination of trend-following and momentum indicators, along with the added feature of MA Retest and multiple timeframes, makes it a versatile and effective tool for both short-term and long-term traders.
Komen
ismailfaruqi2002
Thank you bro, can i rent the script? for educational purpose only
zackdinz
@ismailfaruqi2002, you can utilize my indicator directly on this platform. It's free and accessible for you.
duongbm
Hello, can you share script code??? Thanks you so much.
duongbm
Hi @zackdinz, can you share the MHV code only, please. Thanks you in advance.
ukmpits
@zackdinz Sir,Would you like to share The MHV code only? Please Sir.. Thanks mate
Niaina
Thank you bro,
Could you provide script code please....
nadzmirosli
up
victorysolutions2011
Could you please provide script code please....
Lebih