General info and acknowledgements
Date of publishing: 20th of july 2017
This script is based upon Davinci's dav-o meter and his original script, which searches for W's and M's in price, OBV, RSI and/or Willy.
Although the original script is elegant, a W or M has to occur within 5 bars.
However, often what you will see is that...
BullTrading PA-MACD contains different algorithms based on price action to calculate and display the popular MACD indicator. It will display more relevant crosses without sacrificing much sensibility (use fractal entries).
Given enough time, market tends to oscillate around the true price. The true price slope gives information about the long term trend. Ro True Price lights red when the trend is down, green for up. If the color is blue market is in a decision period. For intraday lower the precission value to make signal sensitive to short term action.
A handy script to detect opportunities in the futures market during extreme movement.
During rallies, futures usually tend to be US$10 above spot price, on the other hand it can be $1 below spot price when the price starts to decline.
You could also draw a trendline to it :) measuring the amount of risk people are willing to take just to predict future prices in...
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