lewo85

LV Cop&RMA w Heikin

A buy signal is generated when the indicator turns upwards from previous indicator level.
A sell signal is generated when the indicator turns downwards from previous indicator level.
The indicator is trend-following, and based on averages, so by its nature it doesn't pick a bottom, but rather shows when a rally has started.
It is designed for daily period use.
Frequent buy/sell signals can occur on low and high levels.
It is designed with the mentality of Coppock curve. Rma is used instead of Wma and Heikin-Ashi closing price is used instead of standard closing price.
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.

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