This is the study of the ratio of the MACD exponential moving averages, 0.993 and 1.003 were used to define the overextended positions since this is the highest the oscillator usually goes, price tends to reverse when overextended. RE1 (ratio equation 1) = the fast Exponential Moving Average (12 points) divided by the slow Exponential Moving Average (26 points)...
Plots Daily and Weekly 10 & 5 EMAs (but fully customizable to your own).
In addition to plotting the EMAs it color coordinates trend bias and has cross confirmation signals.
Philosophy and how to read:
I use this indicator when trading strictly on the daily timeframe. I have not tested it on other timeframes.
In my trade system I start with both the monthly...
GUPPY MULTIPLE ESTIMATED MOVING AVERAGE (EMA) is for Trend Trading. This script uses three sets of crosses to give us an indicator of possible trend reversal. Red cross is the first alert, followed by blue and black. Black cross being the strongest, red cross weakest.
More information about Guppy Trading can be found in the link below
The Directional Movement Oscillator (DMO) is an adaption to the Directional Movement Index (DMI).
The difference is that DMO is one line, whereas DMI has 3 lines: +DI,-DI, and ADX.
The DMO line calculation: DMO = (+DI) - (-DI)
I excluded the ADX in DMO because its completely useless.
Try this indicator out, good luck ;)
This indicator is exactly as it sounds, a smoothed triple EMA . In my personal use, it is applied to strategies to indicate direction of entries. A simple example would be if price is above the STEMA, look for long entries, if price is below the STEMA, look for short entries. Shortly, I will share a strategy that makes use of this indicator. You are welcome to...
This is a script to apply the crossover/crossunder of moving average multi-timeframes on a different timeframe chart
In this example, we see two moving averages in the 2H timeframe being detected on a m30 chart
Some friends asked me to do it so... sharing it for everyone instead
This indicator detects when the first moving average is above the three others. It's a very powerful tool for trend traders that use multiple moving averages to detect a strong trend