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EURGBP

Williams%R EMA CROSSESWilliams %R , also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams %R may be used to find entry and exit points in the market. In this study, exponential moving averages are used in order to smooth out the false signals produced by Williams %R and to see more accurate signals. In addition, it is aimed to see the divergences by using the moving averages of The Williams %R. When the short exponential moving averages of Williams %R is above the longs, it may be a signal to think an uptrend will begin, and the long exponential moving averages of Williams %R is above the shorts, it may be a signal to think a downtrend will begin. At the same time, a second check can be made for price movement with weighted moving averages.
Pine Script™ indicator
by Spikes_of_Ronin
4
EGU TriageHey all snoop here with another basket idea: this time I'm tackling a triage trading system for EG EU and GU. If you have been following the Euro Dollar strength script at all you would have seen that the last 2 or 3 trades that I was using it for were successful. Presented here is an indicator that is actually 3 of the same 'kind' of script that the euro dollar strength script was where the indicator essentially outputs that for the XXX/YYY pair if XXX gains against the basket and YYY loses against the basket green coloring and if XXX loses against the basket and YYY gains against the basket red coloring; the lines are plotted at 3 (the top line) as the Euro GBP strength, line at 2 as Euro Dollar strength, and the 1 line (bottom) as GBP dollar strength. Essentially you can use this exactly the same as the EU strength script was used (go long on green of the corresponding line for the symbol or another way would be if all the signals were printing a 'clear' relationship. example: 3 reads red, 2 reads red, 1 reads red ... meaning: EG, E>U, GU>G... we would want to long EG in this case. another riskier way to use this script is to 'carry over' the last printed signal. for example see how EG is printing black (E=G) well the last signal was red (E<G) so if one was willing to tolerate the risk one could 'carry over' that signal and still consider this as a short until a green long is printed. Like almost all of my work this will be a protected script; I put a lot of work and thought into these ideas and am constantly improving them on my end for my own personal usage and gain. If you really want access (and want to support me as well) PM me 'snoop pls' with a link to this (or any of my indicators that are private) I already have one for AN AU NU and one for GU GJ UJ in the works, but if someone has a specific request or visual enhancement I would be willing to take your suggestions. Thanks for your interest and your support! Snoop
Pine Script™ indicator
by 420snoop
4