My Short Mid Long EMA Band + 3 Bar Turn + Last 3 Close Average
The Green Line is 10 EMA (sema) and Red Line is 20 EMA (mema), when sema above mema, overall trend is up and when sema below mema, overall trend is down. The gap of sema and mema times 2,3,4,5 times to project the band of support and resistance. It is like Bollinger Band that expand and shrink to tell the market is trending or moving sideway with direction.
The Top and Bottom triangles are from the comparsion of sema (10 ema), mema (20 ema) and lema (60 ema) relative location and the change from last bar. e.g. sema above/below mema and current gap compare with last bar gap is expanding/shrinking to determine the color and location of the triangle.
The close price is plot with color by comparing current close against last two close, The color also determine by the close vs last three close average. Green is up and Red is down, in between is yellow.
The close color and location compare with the band and the top and bottom triangles might help to tell the next movement.
The Top and Bottom triangles are from the comparsion of sema (10 ema), mema (20 ema) and lema (60 ema) relative location and the change from last bar. e.g. sema above/below mema and current gap compare with last bar gap is expanding/shrinking to determine the color and location of the triangle.
The close price is plot with color by comparing current close against last two close, The color also determine by the close vs last three close average. Green is up and Red is down, in between is yellow.
The close color and location compare with the band and the top and bottom triangles might help to tell the next movement.