BBMA : Bollinger Band & Moving Average — Indicator by gentradex28

bollingerbands movingaverage bbma omaally oma

Based on trading technique by Mr Oma Ally, Technical Analysis Guru.

1. Bollinger Band - standard setting, MA20, Dev = 2

2. EMA 50 ( Line Color = Aqua )

3. WMA High ( wma5 High and wma10 High )
Area Pink : WMA5 High < WMA10 High
Area Gray : WMA5 High > WMA10 High

4. WMA Low ( wma5 Low and wma10 Low )
Area Green : WMA5 Low > WMA10 Low
Area Gray : WMA5 Low < WMA10 Low

5. If you wish to see wma lines, adjust the transparency at the menu.

This is just an indicator setting.
For technique and how to apply for trading, kindly please refer to web/youtube/class/etc :)

Release Notes:

minor update

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 a publication is governed by House Rules. You can favorite it to use it 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.

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