DDA-Daily Delta Analysis_v2 — Indicator by TheBulltrader

Fixed the code so you can look at all timeframes and not just the daily.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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Want to use this script on a chart?

// 4H Delta//Weekly Delta
// By TheBullTrader-Use Daily Time frame
// Trade Bullish when green is above red and Trade Short when green is below red
study(title="DDA-Daily Delta Analysis_v2 ",overlay = false, shorttitle="Daily Delta Analysis_v2 ")


D1 = sma(close-open,50)
D2=sma(close-open,200)

D3=ema(D1,50)
D4=ema(D2,200)


//plot(D1,color=green)
//plot(D2,color=red)
plot(D3,color=green,style=histogram)
plot(D4,color=red,style=histogram)