This indicator shows a close approximation to what Gunbot would use in its GAIN and STEPGAIN strategies.
The middle two lines are the EMA(2h) and EMA(4h) lines. The inner two grey lines are BUYLVL2/SELLLVL2, the outer grey lines are just there to constrain the color bands. The green and red bands are indicators of where the candle has exceeded your setting and Gunbot would start considering buying or selling.
Release Notes
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Switch to using bgcolor which feels a little nicer to me. Also, using `na` as the default background will prevent a hidden white overlay.
Release Notes
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Set defaults that demonstrate the functionality better. Also, remove an extra indicator from the preview.
is there a way to finetune this thing, make it more responsive? I mean it's awesome for big moves, like happened today, but there are less volatile days as well))
mrgr888n
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why no indicators since 2017?)
lennyo
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Very nice design! A question tho, any suggestion on how I could backtest this 'study'? Think it would require some modifications to do so?