I made this indicator as a tribute to the late David Paul . He mentioned quite a lot about 89 periods moving average (especially on 4h), also the 21 and 55. I put up some entries when three ma are crossed by price in the same direction, bull/bear backgrounds and a color code for candles because who doesn't love the feeling of a lasting trend. To be more...
Based on 21 Week SMA --- // Buy when the market is oversold - Sell when the Market is overbought // -- If you don't know what that means don't use this indicator. Good luck out there!
This is a SMA cloud script that looks for the 9sma crossing up or down the 21 sma along with a 21 wma cloud where price tends to bounce from. Its a bullish signal when the 9sma crosses up the 21sma and will plot a green arrow at crossing point, or bearish signal when 9sma crosses down the 21sma with a red arrow showing where the cross occured. We find that this...