Plots the first time the close price is above or below the colored portion of the chosen MA. The MA's formula is from TradeStation's indicator: "Colored Moving Averages Can Help You Spot Trends". I modified that indicator with customizations that include: Buy and Sell signals. Each time the current bar closes above the MA, while it's red (bearish), there's a Sell label at the start of that MA trend. Likewise: each time the current bar closes below the MA, while it's white (bullish), there's a Buy label at the beginning of that MA trend. You can now, also, easily see which MA you are selecting by hovering your cursor over the tooltips icon. I've included a modified Hull MA as default because I've found this SMA combination with the WMA to be a very smooth oscillation. I've also added some different types of MA's. Colored moving averages are helpful to determine when a trend may be reversing.
MA's 1 · Modified Hull MA: (SMA of the WMAs Hull Formula) 2 · Hull MA 3 · Exponential Moving Average 4 · Weighted Moving Average 5 · RMA Moving Average used in RSI 6 · Volume Weighted MA 7 · Simple Moving Average
This indicator isn't endorsed as a guarantee of future, favorable, results.
Phát hành các Ghi chú
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Sidenote: Nor is this indicator endorsed by TradeStation (I modified their indicator)
Phát hành các Ghi chú
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Plot is editable in Style
Phát hành các Ghi chú
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Added an MA Tooltip. Updated the default MA length to 5 from 8.
Could you make an indicator that detects ema when pointing up/down 45 degrees? Thanks
whvntr
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@Mode_m-889, I see your comment now, I'm on vacation.. sure I'll defiantly look into that and let you know...
sergerber
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How can I add a sound alert when signals appear?
whvntr
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@sergerber, Navigate to the 'Alert' section at the top of the page and locate 'Condition'. In the first drop-down menu, select 'CMAs Close'. After clicking this, another menu will appear below. Choose either '+' or '-' and then set the Trigger to 'Once Per Bar Close'.