OPEN-SOURCE SCRIPT
Double BB + Multi Ema
Updated
Use this indicator to identify the market trend, possible dynamic Supports or Resistances and possible setbacks or corrections.
Take the Moving Averages (50,75,100,200) as a reference to identify if the market is bullish or bearish.
Have as reference the Moving Averages (8,15,20,25) as possible dynamic Supports or Resistances.
Have the BB as a reference, to identify possible setbacks or changes in trends.
Take the Moving Averages (50,75,100,200) as a reference to identify if the market is bullish or bearish.
Have as reference the Moving Averages (8,15,20,25) as possible dynamic Supports or Resistances.
Have the BB as a reference, to identify possible setbacks or changes in trends.
Release Notes
-Added a third BB (optional).
-3 types of signals are added, with RSI, Stoch, DMI. They indicate possible reversals or changes in trends.
Suggested values
-RSI 4
-Stoch 1 (5,1,1)
-Stoch 2 (14,1,1)
-DMI (10, 3)
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.
Disclaimer
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