I like renko blocks and I like guppy mma's so I decided to put together a study for using them with each other while I'm using other bar types. Additionally, I added two line plots for two different renko sizes of your choice. This has a nice benefit of being able to see how price appears to be ranging between the "block sizes". Being able to see the lines...
I've been interested in 'Multiple Moving Averages' lately and came across another script on here for a Rainbow MA. Unfortunately its source is private and I wanted to try things out with other MA types so I put this together. I also wanted to make it a seperate study so I could view regular bars without the clutter. The general rule of thumb with these is the...
I compiled the new and improved Guppy Multiple Moving Averages. Hope it has some value. Plan your trade and trade your plan!
Rainbow Charts, by Mel Widner, is a trend detector. It uses recursively smoothed MAs (remember, this idea was proposed back in 1997 -- it was certainly cool back then!) and also builds an oscillator out of the MAs. Oscillator bands indicate the stability range. I have also included a simple binary wave based on whether all the MAs are in an upward slope or not....