The values used by this indicator are equal to MACD 12 26 9 (and Signal). Only changes are made to looks:
If MACD closes higher than Signal, then we are seeing green. Else, we are seeing red.
Another point is that we get a blue circle when there is a trend change from bullish to bearish or vice versa. Please note that there needs to be an offset for this. We...
4 Colored Laguerre PPO
lime = positive rising
green = positive descending
red = positive descending
maroon = positive rising
Enjoy :)
www.tradingview.com(PPO)
The Laguerre Filter is a smoothing filter based on Laguerre polynomials.
Based on the work done by sirolf2009
Many many conditionals
Best on high liquidity / high volume markets
Not so great on low volume alts (still better than manual trading for me)
This is a stripped-down version of the code in buyBot, converted to Pine
Use
Compare alt coins to the "altcoin index", an average of a selection of alt coins.
Above zero means the coin you are viewing is worth more than the index, indicating the possibility of overbought.
Below zero indicating the opposite, a possibility of oversold.
Press the cog icon to select which alt coins you want included in the index.
Notes
The coins in the...
