Mashed together the ema-bands from IvanLabrie with some moving average script stuff from ChrisMoody and LazyBear and this is the result. Credit goes to them, 'cause I don't know to how to code tbh. Just copy/pasted stuff untill I got the result I wanted.
Bands work as support/resistance among other things. You can use them to trade breakouts or reversals or...
Ignore the other one (it contains some errors).
On this FRAMA you can play with length, SC and FC.
Just read on below links to understand more about this super useful moving average:
etfhq.com
etfhq.com
www.quantshare.com
All-in-one basic indicators:
- MA Fast (12)
- MA Medium (26)
- MA Slow (200)
- Parabolic SAR www.investopedia.com
- Dynamic Fibonnaci channel with 2 channels - www.forexstrategiesresources.com
The usage is very easy. When the line is green you can open long position, when the line is red you can open short position and when it's black just check by yourself.
Usually I use it with RSI and Bollinger Bands , in order to determine when the signal is strong or weak.
Just play with fastest and slowest SC to adjust the smoothness.
Settings:
FRAMA: blue line, SC = 252, FC = 40, length = 252
EMA: orange line, length = 50
FRAMA seems to be the evolution of the current and much-used EMA. The basic strategy is simple: long if the price crosses up the line, short or exit if vice versa.
The main difference between EMA and FRAMA is that the first one seems to lag much more than the first...
This is a good reminder for which way you should be placing orders.
It's best to not ignore these signals!!!
lime = full bull - 100ema above 200ema and price is above 200ema
green = hallf bull - price now below 200ema but 100ema is still above the 200
maroon = full bear - opposite of full bull
red = half bear - opposite of half bull
Also with multi...
Contains RSI; EMA of RSI; EMA of EMA of RSI; Stochastic Oscillator; 2 Inverse Fisher Transforms on RSI - IFRSI89 and IFRSI233 XOVER on higher timeframes from oversold/overbought is useful signal; RSI Trend/Divergence Candles with color variation based on multiple RSI length detection of trend decay; Chart candle overlay coloring based on RSI, eRSI, and eeRSI EMA55...
The Hull Moving Average (HMA), developed by Alan Hull, is an extremely fast and smooth moving average. In fact, the HMA almost eliminates lag altogether and manages to improve smoothing at the same time. The Hull Moving Average solves the dilemma of making a moving average more responsive to current price activity whilst maintaining curve smoothness. (hoping in...
Average Price Movement inidcator displays the high/low for the period over time. On top of that an 8 period exponential moving avergae is attached
to get average movement over time. It provides, for eg. on a Daily chart, gives a day range and this can be used to book profits or place stop loss.
It is very simple indicator to provide price range over time.
