Since there are not many scripts based on the Mayer Multiple, I figured I could add one to the collection. First I would like to give a shout out to Trace Mayer, Preston Pysh, and our fellow Tradingview user unbound, for their inspirational work.
The numbers used to make this script can be found in a number of locations, or you can just make them for yourself in...
I figured you'd like a dual EMA option as well, so here it is. GDAX 12/26 by default. I don't really use EMA but you can change the values and colors to whatever you want.
The absolute value of "CMO" alone makes it impossible to know the current location for the waves and there is a possibility of doing useless entry.
To prevent this, display EMA.
The absolute value of "CMO" alone makes it impossible to know the current location for the waves and there is a possibility of making useless entries.
In order to prevent this, display EMA.
Plot 4 EMA based on fibonacci number
5+3 = 8
5 + 8 = 13
13 + 8 = 21
21 + 34 = 55
Quick Mafs :D
If you want to understand how to use them look at Philakone videos on youtube
Given the limitation on indicators, I figured it would be nice to combine a couple into a single indicator. I'll likely make another one for EMA or make one that lets you use whichever type of moving averages you want.
Description:
MAD stands for Moving Average Delta, it calculates the difference between moving average and price. The curve shows the difference in Pips.
By calculating the delta between two points we can see more small changes in the direction of the moving average curve which are normally hard to see. You can see the MAD curve as look through the microscope at a...
//@version=3
//author KIVANC @fr3762 on twitter
//indicates the price bars whether it's supported by volume or not
study("BB + Volume Based Coloured Bars", shorttitle="VCBB", overlay=true)
length=input(21, "length", minval=1)
avrg=sma(volume,length)
vold1 = volume > avrg*1.5 and close= avrg*0.5 and volume<=avrg*1.5 and close avrg*1.5 and close>open
volu2 =...
