PROTECTED SOURCE SCRIPT
Duck Indicator
Updated
default setting :
MA1 = 5 days
MA2 = 10 days
MA3 = 60 days
Strategy should according trading with stock above black line(good trend),
when MA1/MA2 is break MA3 then it is a aggressive entry point,
MA1 cross up MA2 consider golden cross
MA1 cross down ma 2 consider death cross
**REMEMBER IF THE PRICE IS BELOW BLACK LINE , PLEASE AVOID IT !!!
COMMENT YOUR ADVICE BELOW , I WILL HAVE A REPLY TO IMPROVE MORE TO THIS INDICATOR.
MA1 = 5 days
MA2 = 10 days
MA3 = 60 days
Strategy should according trading with stock above black line(good trend),
when MA1/MA2 is break MA3 then it is a aggressive entry point,
MA1 cross up MA2 consider golden cross
MA1 cross down ma 2 consider death cross
**REMEMBER IF THE PRICE IS BELOW BLACK LINE , PLEASE AVOID IT !!!
COMMENT YOUR ADVICE BELOW , I WILL HAVE A REPLY TO IMPROVE MORE TO THIS INDICATOR.
Release Notes
Change to white background easier to see indicator.Yellow signal is a aggressive entry point
Red signal is a sell point
Green signal is a buy point
Release Notes
Added Pivot Low/High-MACD should be above 0 and golden cross soon as a valid duck signal
-blue moving average line should not be break to a strong duck formation
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