Ver.4 (4/25/18)
EMA and SMA indicators ALL in one!
Default: SMA (20, 50, 100, 200) or EMA (8, 13, 21, 55)
Save your TV indicator use counts by using SMA/EMA
Functionality all in one indicator:
1) Toggle between Exponential or Simple moving averages.
2) Customize and or input your very own MA's by simply changing the input options from default.
3) Change...
Ahrens Moving Average indicator script.
This indicator was originally developed by Richard D. Ahrens (Stocks & Commodities V.31:11 (26-30): Build A Better Moving Average).
After little research I couldn't find a simple 4EMA ribbon that bled when necessary.
Admittedly, nothing new here, use where you think appropriate.
Suggestions welcome!
Special Thanks to EnaCrypto. This is his idea on bullish graphs.
How to understand if the graph is bullish?
1.MA50 must be at top
2.MA200 must be at the bottom
Strategy
In 4H Graph when the MA50-EMA144-MA200 is int he right order, sell if the price is below MA50. Otherwise hodl.
// Special Thanks to EnaCrypto. This is his idea on bullish graphs.
// How to understand if the graph is bullish?
// 1.MA50 must be at top.
// 2.MA200 must be at the bottom.
// Strategy
// In 4H Graph when the MA50-EMA144-MA200 is int he right order, sell if the price is below MA50. Otherwise hodl.
8 Exponential Moving Averages using numbers from the Fibonacci sequence.
Idea taken from Waves618 video: www.youtube.com
I tried adding 6765 but it gives me the error "Too large lookback"
