Simple setups Just input two different ema, X and Y. Multiple = input Phi factor (ex: 0.38 , 0.618 , 1.618 , 3.14) Usage Grouping movements into channels to identify trend acceleration and deceleration Example usability in the BTC/USD trading pair (timeframe = 1D) => Input Setups Source = hlc3 Multiplier = 2 X Ema = 13 Y Ema = 21 How...
This is the first script that I publish. His main goal is to help identify the extreme of the day and to compare the VWAP with the average DPDC to find meaningful resistance and support.
Progressive Fibonacci level, intercept support/resistance from lenght bars default 120 bars, best use to 1H chart