OPEN-SOURCE SCRIPT
TRI MA Domino
Blue lines are first group (3,5,8,13,21) SMA and red lines are second group (35,40,45,50,55) SMA. When blue lines cross above red lines that signals bull market and vice versa. More lines we have above or bellow (creating domino effect) the stronger the signal for bull/bear.
This indicator should be used to determine where are we currently in the market and should we expect trend change/transition or continuation.
It should not be used as sole indicator for taking trades but as a tool to help you with TA and your trading plan.
Good hunting ;)
This indicator should be used to determine where are we currently in the market and should we expect trend change/transition or continuation.
It should not be used as sole indicator for taking trades but as a tool to help you with TA and your trading plan.
Good hunting ;)
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.
Disclaimer
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