HOW IT WORKS
Creates two murrey math oscillators (hidden) one with 256 length another with 32 length and compare each other.
WHAT GIVE ME THIS SCRIPT
The script can give you very valuable information:
- Main Trend
- Pullbacks detections
- Extreme overbought oversold prices alerts
- Divergences
- Any timeframe usage
REFERENCES OF USAGE
Main Trend...
A CHANGE of background color indicates a trade opportunity :
Cyan background = BUY
Purple background = SELL
The bullish signals seem to be better than the bearish ones.
Based on the "Willy" indicator.
Don't change the parameters unless you fully understand the consequences.
Use with brains and caution :)