PROTECTED SOURCE SCRIPT
Tracert Trend[s3]
Updated
Variable Moving Average(VMA) with a view of the trend based on the VMA on multiple timeframes. The Variable Moving Average (VMA) is a study that uses an Exponential Moving Average being able to automatically adjust its smoothing factor according to the market volatility . The timeframes of the indicator must be set to a higher timeframe than whatever timeframe your chart is set to to work properly. Example(default): Trading on the 15m timeframe so have the timeframes set to: 1) Chart 2) 30m 3) 45m 4) 60m
Green line of VMA = uptrend in price action
Red line of VMA = downtrend in price action
White line of VMA = indecision in price action
Green candles = uptrend and above VMA
Red candles = downtrend and below VMA
White candles = indecision or chop in price action
Green symbol below candle = all six timeframes are above the VMA
Red symbol above candle = all six timeframes are above the VMA
No symbol above or below candle = indecision amongst the six timeframes
Green line of VMA = uptrend in price action
Red line of VMA = downtrend in price action
White line of VMA = indecision in price action
Green candles = uptrend and above VMA
Red candles = downtrend and below VMA
White candles = indecision or chop in price action
Green symbol below candle = all six timeframes are above the VMA
Red symbol above candle = all six timeframes are above the VMA
No symbol above or below candle = indecision amongst the six timeframes
Release Notes
- Adjusted default timeframes shown to only 3- Adjusted timeframes to higher timeframes over the 15m timeframe
- Adjusted the table to only show the default 3 timeframes
Release Notes
-Added 1 additional timeframe to default timeframes-Adjusted colors of symbols and table
Release Notes
- Made default timeframes shown to 3Release Notes
- updated default length to 9Release Notes
- changed default Timeframes; defaulted to trade on 1H timeframe- new screen shot of chart to showcase possible strategy
Release Notes
- added alerts for dots (bullish/bearish trend)
- added cloud for other time frames' VMAs
Release Notes
- added color in cloud for neutral
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