5X EMA ohlc4 Trend Follower Revised
Updated
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
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
Note
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)
Note
And a link to update
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.