ACCUMULATION/DISTRIBUTION ADAPTIVE MOVING AVERAGE with FRACTAL DEVIATION BANDS
Ver. 2.5 @ 16.09.2015
By Ricardo M Arjona @XeL_Arjona
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the
author, nor should be construed as such. Users will be fully responsible by their use regarding their own...
Draws 3 leg bands along with safe zone(green lines) based on input
1) Input ATR, Week Day, Current Market Close
2) Input ATR - Previous day 1H Max ATR
3) ADX < 25
4) Input Current Market Close
5) Trading Day - Mon/Tue/Wed/Thu/Fri - Bands distance calculated based on day M/Tu/F 2*(Max ATR), W/Th 1.5(ATR)
6) Safe zone green lines - CMPCls +/- (1.5 * Max ATR)
™𝗧𝗿𝗮𝗱𝗲𝗖𝗵𝗮𝗿𝘁𝗶𝘀𝘁 𝗗𝗿𝗶𝗳𝘁𝗲𝗿 is an adeptly designed, functional and a visual indicator that plots trend-following Support and Resistance walls by employing the concepts of Trend-based Support and Resistance, Momentum and Volatility, based on user defined lookback length, and includes three extremely useful Visualizers - Drift Bands Visualizer , Drift Strength...
Class : oscillator/trend deviations
Trading type : intraday
Time frame : 5 min – 60 min
Purpose : search for divergences
Level of aggressiveness : standard
Indicator «NMA» is used to determine the divergence points between current prices and their fair (theoretical, calculated) values. Presence of strong divergence is a signal that...