So pretty and simple invention within nema,appreciations.
can HA prices be added to reduce short/false signals,being nema based it is real fast and sharp :)
It is not nema based (I just used some old nema code as a base - I hate writing all from scratch :)). It is simply median of highest high and lowest low. You can see exactly what it does if you stack up a couple of those indicators with just slightly different periods - like this :
Anyway, here is a version that allows to use any of the 20 prices (two prices have t be set, code makes sure that higher is used for high and lower is used for low, so any combination is allowed)
One more version of the "simple trend" : this version is extended with some additional controls that are monitoring short term trends and, if the volatility is telling so, it can temporarily set the "trend" of the "simple trend" to neutral state. That is when the line color is gray (like on the example picture). Conversion period should always be shorter (much shorter) than the calculation period
Wave trend oscillator indicator (with the usual set of 20 price types, usual choices of color and alert changes, and multi time frame already). Seems to be useful for overbought and oversold detection
thank you soo much....it's very beautiful...simple. i will waiting for update for better....
looks very interesting !!
Please can you share the indicators and the template ?
Many thanks in advance.
This MTF Moving Average "changes" positions whenever I manually "refresh" my chart after a few hours.I worry that I'm getting incorrect display of mtf moving averages on my chart now.Could you please check it out? :)
in here....be careful...