Choose between 11 different types of MA's thanks to JustUncleL and John F. super smoother.
The + is for various signals and alerts derived from Market Cipher / Wave Trend indicators and TCG etc.
Happy Trading and remember just follow the flow of the river!
PLEASE USE SIGNALS WITH CAUTION AS THEY HAVE NOT BEEN BACK TESTED
Sorry guys I had to get rid of the 2 Custom MA's that were configured as Hull MA's - Please see my link in the comments section for a replacement
Added Momentum Setup Signals
Added Ability to adjust brightness
Added additional filters for Signals
Changed color for Minor Base Line - Minor Base Line is colored according to its EMA / SMA cross;
When Minor Base Line Direction is Up then Blue = Strength to Upside, Purple = Weakness to Upside
When Minor Base Line Direction is Down then Purple = Strength to Downside, Blue = Weakness to Downside
Please use signals with caution
Removed RSI Stochastic
Adjusted Stochastic to faster value K = 5, D = 3, Smoothing = 2
Added Trend Filter To Market Cipher / Wave Trend & Momentum Setups
Ability to adjust size of Momentum Setup Signals
Stop Loss Channel
How to use signals for entries
Look for Support or Resistance Levels for price to be attracted to
Find confluence with other indicators
Enable Stop Loss Channel and Ensure that you have a Decent Risk to Reward
Enter Long above the Setup Bar
Enter Short Below the Setup Bar
When looking to break out from Trendline or S/R Level - Look for confluence with Trend Meter by ensuring all 3 trend Meters are Highlighted the Same Color - Trend Meter can be found in my Double Stochastic Divergence Script
Use Signal Alerts so that you don't have to stare at the screen all day
Added ability to adjust Momentum Strategy triangle size
Easier to turn of various parts of the Ribbon via drop down menu
Ability to turn small diamonds off /on when Big diamond
Added 11 MA for easier visual for when it crosses with the 15 MA
Removed 55 and 60 MA so that I could add yellow Caution Cloud which highlights temporary weakness in the current trend
Yellow Caution Cloud is derived from Madrid Trend Spotter and looks at the difference in the rate of change between 2 MA's
Changed some defaults for inputs
Added Additional Parameters to Strength and Weakness Cloud
Less options for your MA's - means more user friendly menus, less load time
Added Dual SMA and EMA option for MA 100 & 200
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.
The Signals them selves are different momentum entries derived from the Momentum Strategy and Market Cipher, these also can be switched OFF just keeping the ones that you find most useful.
Blue Triangles signal the very start of a trend
Red and Green diamonds are momentum entries derived from Market Cipher an indicator some sell for over $1000
Green and Red Triangles are Momentum Strategy entries, these were made famous by TradeIndicators who were selling their indicators for hundreds of $$$ and here they are ALL FREE
Besides this there are the TCG (The Chart Guys) RSI OB/OS Volume climax which are extremely useful for counter trend trading and finding reversals