WiseAnalyze EMA + fractals

13 Feb 2021

Combination of exponential moving averages allow to spot the trend reversal and expansion, Bill Williams fractals and support resistance zones allow to trade without drawing anything. Just follow the trend.

Study your chart. Note which EMA act as support and bounce most of tests. Most often I use 21/34 EMA for new entries.

Most powerful trend indicator is MAWV. Don't try to trade against it. If price above go long. If below - short.

Stops should be placed behind fractals. Breakout entries on price crossing fractals.

19 Feb 2021

Nota Keluaran

Added Camarilla Pivots. Now this indicator should be enough to plan your trades without drawing a single line. Camarilla pivots work great for setting stink bids or targets.

Support resistance lines switched off by default but remain available. Usually seeing fractals is enough. If you need hints for SR turn them on again.

3 Apr 2021

Nota Keluaran

• Added Bollinger Bands. Turned off by default. Can't ignore such a simple yet powerful indicator. Love to see it squeeze into narrow channel before the explosion.
  Now you can switch on/off all EMAs at once.
  Changed EMA200 to EMA233. Its Fib number so look better in the company. Experience show that it doesn't really matter if you watch 200 or 233. Its all about zones and direction. Not precise numbers.
  Set Camarilla Pivots to Month TF by default. You may switch to week if going to lower timeframes.
  

3 Apr 2021

Nota Keluaran

Added Ichimoku Cloud with my favorite settings.

3 Apr 2021

Nota Keluaran

Ok, added Bill Williams Alligator. Without it nothing would have started =)

16 Ogo 2021

Nota Keluaran

Updated to version 4 (no major changes to script itself)

29 Sep 2021

Nota Keluaran

Added MA144 (editable value). I find that Fibonacci value for moving average perfect for trend reversal detection. In combination with MAVW and others of cause.

24 Jan 2022

Nota Keluaran

* Updated to version 5
* New VWAP with bands
* New Bollinger Bands