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traderharikrishna

EMA Slope/Angle Oscillator

traderharikrishna  
Centered Oscillators Moving Averages Oscillators HMA sma angle slope buysellsignal priceactionanalysis
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centeredoscillator movingaverage oscillator hma sma angle slope buysellsignal priceactionanalysis
EMA Slope/Angle Oscillator, Multiple Moving Average Oscillator, Multiple type
Moving Averages HMA,EMA,WMA,SMA, VWMA,VWAP provided.

The angle is calculated between the Slow MA and Fast MA and the difference between the angle is plotted as Histogram.
Additionally Buy Sell Signals are plotted as green and red Dots.
its very easy to judge the movement of price Bearish/Bullish.

  • Bearish if price below 0 line
  • Bullish if price above 0 line
  • Zero crossing is Moving Average Crossover.

Trend Filter is provided to filter opposite signals.
Angle Threshold is provided to filter low angle false signals.
Dead zone is plotted around Zero Line. Trades can be taken after Threshold angle or Dead zone is crossed
Its interesting to see how different Moving Averages move along with price Action.

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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