OPEN-SOURCE SCRIPT
WMA Combo Crossover V2
Before I begin I want to mention:
1. This is an upgrade of my indicator WMA Combo Crossover. (Link: tradingview.com/script/X8qcB...)
2. The upgrade was inspired from the CCI and Bollinger Bands indicator by matsu_bitmex. (Link: tradingview.com/script/IkciC...)
3. I have combined the indictor with Bollinger Bands , coloring those sections as yellow, to increase winning trades as well as avoid losing trades by spotting potential reversals with the aid of news avoidance
4. This indicator is designed primarily for NNFX (No Nonsense Forex) though it can be used for any type of trading style
5. Also, I want to thank kurtisbu for helping me out. Thank you!
The indicator:
1. When WMA 25 is blue and is going upwards, it means there is an uptrend
2. When WMA 25 is red and is going down, it means there is a downtrend
3. During a trend, the color may switch to red and blue occasionally. When the color switches back to the direction of the trend, it can be used for re-entries
4. All trades based on the yellow color MUST be during a trend
5. When the color changes to yellow that means price is very volatile and only on the 1st candle is it advisable to enter a trade. (I have not backtested entering on the 2nd candle of a yellow color change)
6. During a trend, when the color changes to yellow and there is an incoming news event, then the chances of a reversal increase and I recommended avoid entering
1. This is an upgrade of my indicator WMA Combo Crossover. (Link: tradingview.com/script/X8qcB...)
2. The upgrade was inspired from the CCI and Bollinger Bands indicator by matsu_bitmex. (Link: tradingview.com/script/IkciC...)
3. I have combined the indictor with Bollinger Bands , coloring those sections as yellow, to increase winning trades as well as avoid losing trades by spotting potential reversals with the aid of news avoidance
4. This indicator is designed primarily for NNFX (No Nonsense Forex) though it can be used for any type of trading style
5. Also, I want to thank kurtisbu for helping me out. Thank you!
The indicator:
1. When WMA 25 is blue and is going upwards, it means there is an uptrend
2. When WMA 25 is red and is going down, it means there is a downtrend
3. During a trend, the color may switch to red and blue occasionally. When the color switches back to the direction of the trend, it can be used for re-entries
4. All trades based on the yellow color MUST be during a trend
5. When the color changes to yellow that means price is very volatile and only on the 1st candle is it advisable to enter a trade. (I have not backtested entering on the 2nd candle of a yellow color change)
6. During a trend, when the color changes to yellow and there is an incoming news event, then the chances of a reversal increase and I recommended avoid entering
Скрипт с открытым кодом
В истинном духе TradingView автор этого скрипта опубликовал его с открытым исходным кодом, чтобы трейдеры могли понять, как он работает, и проверить на практике. Вы можете воспользоваться им бесплатно, но повторное использование этого кода в публикации регулируется Правилами поведения. Вы можете добавить этот скрипт в избранное и использовать его на графике.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.