Education

Hey Number nerds! you're going to love this!!

Updated

A couple days ago I made an indicator that makes calculations based on the candle's close and it's EMA. Then it turns that number into a color AKA Chop Zone indicator. Using the same calculations from the Chop Zone indicator, candles are assigned numbers based on their relationship between 5 different EMA's.

The main theme of this indicator is that the numbers 1, 3, 5, 7, and 9 = GOOD.

The numbers 2, 4, 6, and 8 = BAD.

Candles will have two numbers assigned to them. Candles that do not have numbers assigned are usually at the end of bear or bull rallies.

A candle that is assigned a 9 without a bottom number signifies a strong bear or bull rally.

The strongest number to consider is the #2. It is the reason for gap-ups and gap-downs. I will show you what I mean.

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Ok that picture didn't turn out right. Here it is again.

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This is what GNUS looked like under the hood before the pump. Notice the abundance of 7's. 1Minute time frame

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I think I might have failed to explain how this is numbered. Here is a better way

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So it is basically a way to numerically represent a bar's position among the moving averages. This is not the finished product, however. What I am building is an algo that can navigate through moving average lines and know exactly where to enter and exit based on the number value given on a candle.

Suppose I wanted to go short when a candle closes under the 20 moving average. All I have to do now is to code in a "sell" if the value is 2; 4; 6; or 8. If the value is "7", then go long.

ZombieStar

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