Explosive moving average aims to plant bombs on your chart. When it stops growing and starts falling or visa versa, it will put a single bomb on the chart. The bomb will explode after selected number of periods. You can set up an alert for when the bomb is planted.
Explosive MA is a highly volatile indicator. It uses T3 calculation which is a more modern version of TNT calculation. I strongly advise against using Explosive moving average at home, it can be potentially dangerous.
hahahah your indicators are great. Giving this a go!
Question: What does the bomb symbol mean vs explosive symbol?
OrcChieftain
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@Ouch1230, yoops. I thought of putting it on a friend's chart or something and setting him an alert. The adaptability and smoothness of this calculation is impressive though and I use it primarily to smooth my ATR indicators.
khres
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Hi, May I suggest that bomb will explode if price hit pre-set SL or TP . It will feel like Mission Impossible.
OrcChieftain
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@khres, That sounds really cool. I could make it into such a strategy.
Question: What does the bomb symbol mean vs explosive symbol?