OPEN-SOURCE SCRIPT
Combo 2/20 EMA & Bill Awesome Oscillator (AC)
This is combo strategies for get a cumulative signal.
First strategy
This indicator plots 2/20 exponential moving average. For the Mov
Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met.
Second strategy
This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling and the
indicator marks it as red.
WARNING:
- For purpose educate only
- This script to change bars colors.
First strategy
This indicator plots 2/20 exponential moving average. For the Mov
Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met.
Second strategy
This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling and the
indicator marks it as red.
WARNING:
- For purpose educate only
- This script to change bars colors.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.