PROTECTED SOURCE SCRIPT
EMA Difference Histogram & Stochastic Indicator
Indicator to compare two EMAs.
Difference will be plotted on a histogram and the color of the historgram is indicating, if a difference is getting bigger or smaller. This will help to determine positioning.
In addition there is an traffic light at the bottom to indicate if Stochastics are currently bullish ( k > d ) or bearish ( d < k ).
How to use:
- Decide on a time frame (6hr and 8hr seem to work pretty well)
- Wait for candle close!
- When Histogram turns dark green & Stochastics traffic light is green -> Long position
- When Histogram turns light green -> Cash (exit long position)
- When Histogram turns dark red & Stochastics traffic light is red -> Short position
- When Histogram turns light red -> Cash (exit short position)
I am happy for any constructive feedback.
Cheers and stay safe, everyone!
Difference will be plotted on a histogram and the color of the historgram is indicating, if a difference is getting bigger or smaller. This will help to determine positioning.
In addition there is an traffic light at the bottom to indicate if Stochastics are currently bullish ( k > d ) or bearish ( d < k ).
How to use:
- Decide on a time frame (6hr and 8hr seem to work pretty well)
- Wait for candle close!
- When Histogram turns dark green & Stochastics traffic light is green -> Long position
- When Histogram turns light green -> Cash (exit long position)
- When Histogram turns dark red & Stochastics traffic light is red -> Short position
- When Histogram turns light red -> Cash (exit short position)
I am happy for any constructive feedback.
Cheers and stay safe, everyone!
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
The new Order Block Finder V2 is available as invite-only script. Please visit the website for all the details and how to get access:
sites.google.com/view/wugamlo-indicators/
sites.google.com/view/wugamlo-indicators/
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
The new Order Block Finder V2 is available as invite-only script. Please visit the website for all the details and how to get access:
sites.google.com/view/wugamlo-indicators/
sites.google.com/view/wugamlo-indicators/
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.