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
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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)