LoTek - Bull Market Support Band w Projections
This indicator will allow you to enter a future price change, either positive or negative, and see how that would affect the Bull Market Support Band.
The BMSB consists of the 21 EMA and the 20 SMA on the weekly timeframe. Legend has it, as long as you are above this band, BULL MARKET'S ON BABY! If not... then, watch out below....
Note: Price change is in percentage. 100 = 100%, 5 = 5% 0.25 = 0.25%
The BMSB consists of the 21 EMA and the 20 SMA on the weekly timeframe. Legend has it, as long as you are above this band, BULL MARKET'S ON BABY! If not... then, watch out below....
Note: Price change is in percentage. 100 = 100%, 5 = 5% 0.25 = 0.25%
Notes de version:
Added the ability to change the color of the band fill based on Bull or Bear trend. I've left them defaulted to orange, because that's how I like it for now, but the settings are in there to modify it.