The Leavitt Projection indicator was created by Jay Leavitt (Stocks and Commodities Oct 2019, page 11), who is most well known for creating the Volume-Weighted Average Price indicator. This indicator is very simple but is also the building block of many other indicators, so I'm starting with the publication of this one. Since this is the first in a series I will be publishing, keep in mind that the concepts introduced in this script will be the same across the entire series. The recommended strategy for how to trade with these indicators is to plot a fast version and a slow version and go long when the fast version crosses over the slow version or to go short when the fast version crosses under the slow version. I have color coded the lines to turn light green for a normal buy signal or dark green for a strong buy signal and light red for a normal sell signal, and dark red for a strong sell signal.
I know many of you have wondered where I have been, and my personal life has become super hectic. I was recently hired full-time by TradingView, and my wife is pregnant with twins, and she is due in a few months. I will do my absolute best to get back to posting scripts regularly, but I will post a bunch today in the meantime to fulfill a special request from one of my loyal followers (@ashok1961).
@cheatcountry I am grateful for accepting my request despite of hard work and care of the family. I was eagerly waiting for this.
cheatcountry
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@ashok1961, big thanks for your great patronage and I will post the rest very soon
valascapital
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Your scripts are great. I have implemented new momentum and double smoothed in my trading. Learning pine now, to help others as you have helped many. Keep up the great work. I wish you happy fatherhood
cheatcountry
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@valascapital, thank you very much and it's always great to hear about people using my scripts in their daily trading!
EAnion
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Your contributions with your scripts have been great for me and I'm sure it has been for many others in the community. Thanks for sharing another indicator. Congratulations on your personal and professional news