5X EMA ohlc4 Trend Follower Revised

Copyright by 4XRandalll v1.2 10/06/2018
5X EMA ohlc4 Trend Follower Revised
This indicator provides 5 Exponential Moving Averages.
I have tested and found that the ohlc4 provides my best daily average for my purposes.
I typically use this indicator with bullish trend channels watching weekly, daily and entries on hourly morning session.


Works well on all Time Frames.
I use with trend-following /trend-channel strategies and swing trading strategies.
As always use at your own risk and stay awesome.
by 4XRandalll

Commentaire:

Here is the script.

// Copyright by 4XRandalll v1.2 10/06/2018
// This indicator provides 5 Exponential Moving Averages.
// I have tested and found that the ohlc4 provides my best daily average for my purposes.
// I typically use this indicator with bullish trend channels
// watching weekly, daily and entries on hourly morning session.
// Works well on all Time Frames.
// To be used with traditional trend following strategies.
// As always use at your own risk and stay awesome.
// by 4XRandalll
////////////////////////////////////////////////////////////
study(title="5X EMA ohlc4 Trend Follower 10,26,50,100,200", overlay=true)
short1 = ema(ohlc4, 10)
short2 = ema(ohlc4, 26 )
long1 = ema(close, 50)
long2 = ema(close, 100)
long3 = ema(close, 200)
plot(short1, color = lime)
plot(short2, color = red)
plot(long1, color = fuchsia)
plot(long2, color = purple)
plot(long3, color = black)

Commentaire:

And a link to update