Arun_K_Bhaskar

Long Term: Cumulative Moving Average

Who to use?
This indicator is for Long Term Investors or for Position trading and not for Day traders.

What time-frame to use?
• Daily, Weekly or Monthly

What is Blue line?
• Blue line is Cumulative Moving Average. It is cumulative sum of closing price.
• It is a trend reversal level.
• It is a strong support level .
• If price is below Blue line better not to take any Long position until it crosses above it.

What are Red lines?
• Red lines are Multiplier levels.
• These are target levels to exit the position.
• It can be breakout or pull back levels.
• The level combination numbers can be fully odd or even numbers.
• For example in certain stocks the working levels will be 1x, 3x, 5x etc., in others it will be even numbers like 2x, 4x, 6x etc.
• In some cases the levels need to be tweaked with custom decimals like 1.1x, 2.1x, 3.1x, 4.1x etc. to align the support & resistance levels.

How to use?
Entry
• Enter when the Price reach closer to the Blue line.
• Enter Long when the Price takes a pullback or breakout at the Red lines.
Exit
• Exit position when the Price reach closer to the Red lines in Long positions.

Indicator Menu

• Works only in higher time-frames like D, W & M.
• Will not work in Lower time-frames less than "D" or the Launch Date shows wrong in Lower time-frames.

Multipliers:
(Read above What are Red lines?)

Launch Date:
• Launch Date: Starting date of stock when it appeared in the exchange. Works only in D, W & M timeframes.
• Years: Total number of years from the Launch Date. Accurate date will be shown in Daily timeframe .
• Candles Count: Total number of candles from the Launch Date in the current timeframe.

Labels:
• First number is last traded price.
• Second number in () is percentage change from last traded price to that level.
Skrip sumber terbuka

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Penafian

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