OPEN-SOURCE SCRIPT

Stormer Setup [xdecow]

This is the setup used by Alexandre Wolwacz (Stormer).

4 Exponential Moving Averages:
* 4 red
* 17 blue
* 34 black
* 80 green

Candle Colors:
* Red: possible top
* Blue: possible bottom
* Yellow: inside bar

Option to use Slow Stochastic as filter for top/bottom.
barcolorExponential Moving Average (EMA)setupTrend Analysis

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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Disclaimer