PROTECTED SOURCE SCRIPT
Actualizado MIGHTY TREND
This indicator comes from Rob Booker 5, 13 and 62 EMA Trend Trading system.
I do not own, nor make any claim of this system, nor do I charge anyone money for this system.
for more detail about this trading strategy visit:
robbooker.com/books/5-13-62.pdf
What I did:
1. hard coded ema 5/13/62 into one indicator
2. made ema 62 turn green when ema 5 is above ema 13 and both are above ema 62 (this suggest there's a trend up)
3. made ema 62 turn red when ema 5 is below ema 13 and both are below ema 62 (this suggest there's a trend down)
4. made ema 62 turn yellow when ema 5 is between ema 13 and 62 (this might suggest there's a pullback or reversal)
5. made barcolor turn green when ema 5 is above ema 13
6. made barcolor turn red when ema 5 is below ema 13
7. filled ema background green when ema 5 is above ema 62
8. filled ema background red when ema 5 is below ema 62
Note: market is either trending OR consolidating
consolidating market can be recognized when ema 5/13 are spiraling around ema 62
trending market can be recognized when ema5/13 are gapping above or below ema 62
Note:
I have used this indicator on Forex only. I have no experience with stocks nor bitcoin with this indicator.
Purpose:
Helps trader to determine weakness in strength, which might result into a pullback or reversal. (see point 4 and 5)
Helps trader to determine start of a trend.
Helps trader to determine if you're in a trending or consolidating market.
Note:
Strongly recommend to read the 5/13/62 pdf.
Strongly recommend to use it with multi timeframe analysis for better entry
Strongly recommend to pair this indicator with other momentum oscillators
Note:
To be able to show Candle colors correctly, go to settings on your chart, tab symbols, uncheck borders.
I do not own, nor make any claim of this system, nor do I charge anyone money for this system.
for more detail about this trading strategy visit:
robbooker.com/books/5-13-62.pdf
What I did:
1. hard coded ema 5/13/62 into one indicator
2. made ema 62 turn green when ema 5 is above ema 13 and both are above ema 62 (this suggest there's a trend up)
3. made ema 62 turn red when ema 5 is below ema 13 and both are below ema 62 (this suggest there's a trend down)
4. made ema 62 turn yellow when ema 5 is between ema 13 and 62 (this might suggest there's a pullback or reversal)
5. made barcolor turn green when ema 5 is above ema 13
6. made barcolor turn red when ema 5 is below ema 13
7. filled ema background green when ema 5 is above ema 62
8. filled ema background red when ema 5 is below ema 62
Note: market is either trending OR consolidating
consolidating market can be recognized when ema 5/13 are spiraling around ema 62
trending market can be recognized when ema5/13 are gapping above or below ema 62
Note:
I have used this indicator on Forex only. I have no experience with stocks nor bitcoin with this indicator.
Purpose:
Helps trader to determine weakness in strength, which might result into a pullback or reversal. (see point 4 and 5)
Helps trader to determine start of a trend.
Helps trader to determine if you're in a trending or consolidating market.
Note:
Strongly recommend to read the 5/13/62 pdf.
Strongly recommend to use it with multi timeframe analysis for better entry
Strongly recommend to pair this indicator with other momentum oscillators
Note:
To be able to show Candle colors correctly, go to settings on your chart, tab symbols, uncheck borders.
Notas de prensa
complete overhaulScript protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
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.
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.